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 earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

STVN has been the subject of a number of research analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $23.00 price target (down from $24.00) on shares of Stevanato Group in a research report on Tuesday, December 3rd. Bank of America raised their target price on Stevanato Group from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, Wolfe Research initiated coverage on Stevanato Group in a report on Friday, December 13th. They issued an “outperform” rating and a $28.00 price target for the company.

Hedge Funds Weigh In On Stevanato Group

A number of large investors have recently made changes to their positions in STVN. Van Berkom & Associates Inc. bought a new stake in Stevanato Group during the fourth quarter valued at $39,000. Johnson Financial Group Inc. bought a new stake in Stevanato Group during the fourth quarter worth about $41,000. Wells Fargo & Company MN lifted its stake in Stevanato Group by 680.3% during the fourth quarter. Wells Fargo & Company MN now owns 3,246 shares of the company’s stock worth $71,000 after purchasing an additional 2,830 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Stevanato Group by 1,457.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,654 shares of the company’s stock worth $123,000 after purchasing an additional 5,291 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Stevanato Group by 202.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,413 shares of the company’s stock worth $162,000 after purchasing an additional 4,965 shares during the last quarter.

Stevanato Group Stock Down 1.7 %

STVN stock opened at €20.76 ($21.85) on Wednesday. Stevanato Group has a twelve month low of €16.56 ($17.43) and a twelve month high of €34.00 ($35.79). The company has a quick ratio of 1.21, a current ratio of 1.81 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average is €21.66 and its 200-day moving average is €20.56. The firm has a market capitalization of $6.29 billion, a PE ratio of 44.17, a P/E/G ratio of 7.18 and a beta of 0.56.

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.