Stevanato Group S.p.A. (NYSE:STVN) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Stevanato Group S.p.A. (NYSE:STVN) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company.

A number of research firms recently commented on STVN. Stephens raised Stevanato Group to a “strong-buy” rating in a report on Monday, April 21st. UBS Group lowered their price target on Stevanato Group from $24.00 to $23.50 and set a “neutral” rating on the stock in a report on Friday, March 7th. Finally, William Blair reissued an “outperform” rating on shares of Stevanato Group in a report on Friday, March 7th.

Stevanato Group Stock Up 2.8%

NYSE STVN opened at €23.97 ($26.63) on Monday. The stock’s 50 day moving average is €21.41 and its 200 day moving average is €21.16. 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 has a 12 month low of €16.56 ($18.40) and a 12 month high of €24.96 ($27.73). The stock has a market cap of $7.26 billion, a PE ratio of 51.00, a P/E/G ratio of 7.18 and a beta of 0.51.

Stevanato Group (NYSE:STVN) last posted its quarterly earnings results on Thursday, March 6th. The company reported €0.20 ($0.22) EPS for the quarter, hitting analysts’ consensus estimates of €0.20 ($0.22). Stevanato Group had a return on equity of 9.86% and a net margin of 10.47%. The company had revenue of €352.68 million for the quarter, compared to analysts’ expectations of €346.26 million. Research analysts predict that Stevanato Group will post 0.5 EPS for the current fiscal year.

Stevanato Group Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Thursday, July 17th. Stockholders of record on Thursday, June 5th will be issued a dividend of $0.0613 per share. This represents a dividend yield of 0.3%. This is a boost from Stevanato Group’s previous annual dividend of $0.05. The ex-dividend date of this dividend is Thursday, June 5th. Stevanato Group’s dividend payout ratio is 11.76%.

Institutional Trading of Stevanato Group

Several hedge funds have recently modified their holdings of STVN. M&T Bank Corp bought a new position in shares of Stevanato Group during the 4th quarter valued at approximately $572,000. Mutual of America Capital Management LLC bought a new position in shares of Stevanato Group during the 4th quarter valued at approximately $13,848,000. Advantage Alpha Capital Partners LP increased its position in shares of Stevanato Group by 27.3% during the 4th quarter. Advantage Alpha Capital Partners LP now owns 293,865 shares of the company’s stock valued at $6,403,000 after purchasing an additional 63,041 shares during the last quarter. Allianz SE bought a new position in shares of Stevanato Group during the 4th quarter valued at approximately $748,000. Finally, Zions Bancorporation N.A. increased its position in shares of Stevanato Group by 29.7% during the 4th quarter. Zions Bancorporation N.A. now owns 68,017 shares of the company’s stock valued at $1,482,000 after purchasing an additional 15,555 shares during the last quarter.

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.