Stevanato Group (NYSE:STVN) Stock Price Up 0.3% – Still a Buy?

Stevanato Group S.p.A. (NYSE:STVN) traded up 0.3% during trading on Friday . The stock traded as high as €20.35 ($21.42) and last traded at €19.67 ($20.71). 45,290 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 510,394 shares. The stock had previously closed at €19.62 ($20.65).

Analyst Ratings Changes

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

Stevanato Group Trading Up 2.5 %

The company has a current ratio of 1.81, a quick ratio of 1.21 and a debt-to-equity ratio of 0.22. The stock has a fifty day simple moving average of €19.43 and a 200 day simple moving average of €19.81.

Stevanato Group (NYSE:STVN) last posted its quarterly earnings results 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)). Stevanato Group had a return on equity of 9.86% and a net margin of 10.47%. The business had revenue of €277.90 million during the quarter, compared to the consensus estimate of €274.36 million. During the same quarter in the previous year, the company earned $0.16 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, analysts predict that Stevanato Group S.p.A. will post 0.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stevanato Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans bought a new position in shares of Stevanato Group during the 2nd quarter valued at approximately $30,477,000. Pembroke Management LTD increased its position in Stevanato Group by 143.7% during the third quarter. Pembroke Management LTD now owns 1,051,140 shares of the company’s stock valued at $21,023,000 after acquiring an additional 619,747 shares during the last quarter. Tri Locum Partners LP purchased a new stake in shares of Stevanato Group in the second quarter valued at $10,370,000. Thornburg Investment Management Inc. lifted its holdings in shares of Stevanato Group by 279.1% in the 2nd quarter. Thornburg Investment Management Inc. now owns 746,218 shares of the company’s stock worth $13,690,000 after acquiring an additional 549,378 shares during the last quarter. Finally, Conestoga Capital Advisors LLC boosted its stake in shares of Stevanato Group by 7.3% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 7,275,823 shares of the company’s stock worth $133,439,000 after purchasing an additional 496,930 shares during the period.

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.