Stevanato Group (NYSE:STVN) Shares Up 0.6% – What’s Next?

Stevanato Group S.p.A. (NYSE:STVN)’s share price was up 0.6% on Friday . The stock traded as high as €20.97 ($22.07) and last traded at €20.12 ($21.18). Approximately 56,763 shares changed hands during trading, a decline of 89% from the average daily volume of 508,238 shares. The stock had previously closed at €20.00 ($21.05).

Wall Street Analysts Forecast Growth

Separately, Citigroup cut their target price on shares of Stevanato Group from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th.

Stevanato Group Trading Up 0.2 %

The business has a 50 day moving average of €19.47 and a two-hundred day moving average of €19.63. The firm has a market cap of $5.92 billion, a P/E ratio of 42.81, a PEG ratio of 9.00 and a beta of 0.58. The company has a current ratio of 1.81, a quick ratio of 1.21 and a debt-to-equity ratio of 0.22.

Stevanato Group (NYSE:STVN) last issued its quarterly earnings data on Tuesday, November 5th. The company reported €0.12 ($0.13) earnings per share for the quarter, missing the consensus estimate of €0.13 ($0.14) by (€0.01) (($0.01)). The company had revenue of €277.90 million during the quarter, compared to the consensus estimate of €274.36 million. Stevanato Group had a net margin of 10.47% and a return on equity of 9.86%. Stevanato Group’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.16 earnings per share. Analysts predict that Stevanato Group S.p.A. will post 0.5 earnings per share for the current year.

Institutional Investors Weigh In On Stevanato Group

Several hedge funds have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. increased its stake in shares of Stevanato Group by 109.1% during the second quarter. Harbor Capital Advisors Inc. now owns 8,867 shares of the company’s stock worth $163,000 after purchasing an additional 4,626 shares during the period. Hilltop National Bank increased its position in Stevanato Group by 34.3% during the 2nd quarter. Hilltop National Bank now owns 4,395 shares of the company’s stock worth $81,000 after buying an additional 1,122 shares during the period. Schwartz Investment Counsel Inc. lifted its holdings in shares of Stevanato Group by 12.3% during the second quarter. Schwartz Investment Counsel Inc. now owns 126,281 shares of the company’s stock worth $2,316,000 after buying an additional 13,800 shares in the last quarter. Raymond James Trust N.A. boosted its position in shares of Stevanato Group by 18.7% in the second quarter. Raymond James Trust N.A. now owns 10,239 shares of the company’s stock valued at $188,000 after acquiring an additional 1,613 shares during the period. Finally, Liontrust Investment Partners LLP acquired a new position in shares of Stevanato Group in the second quarter valued at about $6,104,000.

About Stevanato Group

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.