Stevanato Group S.p.A. (NYSE:STVN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Stevanato Group S.p.A. (NYSE:STVN) have earned an average rating of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company.

Several brokerages have recently issued reports on STVN. Citigroup cut their price target on Stevanato Group from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Morgan Stanley cut their target price on shares of Stevanato Group from $26.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Monday, July 15th.

Institutional Trading of Stevanato Group

A number of hedge funds have recently modified their holdings of the company. First Light Asset Management LLC grew its holdings in Stevanato Group by 24.8% during the fourth quarter. First Light Asset Management LLC now owns 729,961 shares of the company’s stock valued at $19,921,000 after purchasing an additional 145,206 shares during the period. Sands Capital Management LLC increased its position in shares of Stevanato Group by 1.6% in the 4th quarter. Sands Capital Management LLC now owns 1,884,330 shares of the company’s stock valued at $51,423,000 after buying an additional 29,450 shares in the last quarter. Wellington Management Group LLP raised its stake in Stevanato Group by 8.3% during the 4th 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 during the period. Comgest Global Investors S.A.S. lifted its holdings in Stevanato Group by 88.5% during the fourth quarter. Comgest Global Investors S.A.S. now owns 129,309 shares of the company’s stock worth $3,529,000 after acquiring an additional 60,707 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its stake in Stevanato Group by 327.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,593 shares of the company’s stock valued at $43,000 after acquiring an additional 1,220 shares during the period.

Stevanato Group Stock Performance

Shares of NYSE:STVN opened at €20.26 ($22.51) on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.74 and a quick ratio of 1.13. Stevanato Group has a 12 month low of €16.56 ($18.40) and a 12 month high of €35.56 ($39.51). The company’s 50-day moving average price is €19.63 and its two-hundred day moving average price is €24.11.

Stevanato Group (NYSE:STVN) last released its quarterly earnings results on Tuesday, August 6th. The company reported €0.09 ($0.10) EPS for the quarter, missing the consensus estimate of €0.10 ($0.11) by (€0.01) (($0.01)). Stevanato Group had a net margin of 11.27% and a return on equity of 10.89%. The company had revenue of €259.60 million for the quarter, compared to the consensus estimate of €254.92 million. During the same period last year, the company earned $0.15 earnings per share. Stevanato Group’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, sell-side analysts predict that Stevanato Group will post 0.51 EPS for the current year.

Stevanato Group Dividend Announcement

The business also recently announced an annual dividend, which was paid on Monday, July 15th. Shareholders of record on Tuesday, June 4th were issued a dividend of $0.053 per share. This represents a yield of 0.29%. The ex-dividend date of this dividend was Tuesday, June 4th.

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.