Stevanato Group S.p.A. (NYSE:STVN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Stevanato Group S.p.A. (NYSE:STVN) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

Separately, Stephens reiterated an “overweight” rating and set a $38.00 price objective on shares of Stevanato Group in a research note on Monday, March 25th.

Hedge Funds Weigh In On Stevanato Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its position in Stevanato Group by 54.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,089 shares of the company’s stock worth $84,000 after buying an additional 1,086 shares in the last quarter. Wellington Management Group LLP grew its position in Stevanato Group by 8.3% during the fourth quarter. Wellington Management Group LLP now owns 583,875 shares of the company’s stock worth $15,934,000 after buying an additional 44,700 shares in the last quarter. Riverbridge Partners LLC boosted its holdings in shares of Stevanato Group by 77.9% in the 4th quarter. Riverbridge Partners LLC now owns 1,291,971 shares of the company’s stock worth $35,258,000 after purchasing an additional 565,709 shares in the last quarter. Pier Capital LLC boosted its holdings in shares of Stevanato Group by 682.5% in the 4th quarter. Pier Capital LLC now owns 156,503 shares of the company’s stock worth $4,271,000 after purchasing an additional 136,503 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Stevanato Group by 9.6% in the 4th quarter. Legal & General Group Plc now owns 45,417 shares of the company’s stock worth $1,241,000 after purchasing an additional 3,994 shares in the last quarter.

Stevanato Group Stock Down 1.6 %

Shares of STVN opened at €28.40 ($30.21) on Friday. The stock’s fifty day moving average price is €30.64 and its two-hundred day moving average price is €29.58. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.06 and a current ratio of 1.50. Stevanato Group has a 1 year low of €23.00 ($24.47) and a 1 year high of €36.30 ($38.62).

Stevanato Group (NYSE:STVN) last issued its earnings results on Thursday, March 7th. The company reported €0.18 ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of €0.19 ($0.20) by (€0.01) (($0.01)). Stevanato Group had a net margin of 13.43% and a return on equity of 14.31%. The firm had revenue of €320.60 million during the quarter, compared to the consensus estimate of €326.85 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Stevanato Group will post 0.67 earnings per share for the current year.

Stevanato Group Company Profile

Stevanato Group S.p.A. engages in the design, production, and distribution of products and processes to provide integrated solutions for bio-pharma and healthcare industries in Europe, the Middle East, Africa, North America, South America, and the Asia Pacific. The company operates in two segments, Biopharmaceutical and Diagnostic Solutions; and Engineering.