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

Stevanato Group S.p.A. (NYSE:STVN) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company.

Several analysts have recently issued reports on the company. Wolfe Research began coverage on Stevanato Group in a research note on Friday, December 13th. They issued an “outperform” rating and a $28.00 price objective on the stock. Morgan Stanley reiterated an “equal weight” rating and set a $23.00 target price (down previously from $24.00) on shares of Stevanato Group in a research report on Tuesday, December 3rd. Finally, Bank of America raised their price target on Stevanato Group from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, December 13th.

Stevanato Group Stock Down 5.3 %

Shares of NYSE STVN opened at €18.44 ($19.21) on Wednesday. The stock has a market cap of $5.58 billion, a P/E ratio of 39.23, a PEG ratio of 7.18 and a beta of 0.56. 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 ($17.25) and a 12-month high of €34.00 ($35.42). The business’s fifty day simple moving average is €21.54 and its 200-day simple moving average is €20.55.

Hedge Funds Weigh In On Stevanato Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC boosted its position in Stevanato Group by 5.3% in the 4th quarter. Conestoga Capital Advisors LLC now owns 8,082,996 shares of the company’s stock valued at $176,128,000 after buying an additional 407,086 shares during the last quarter. TimesSquare Capital Management LLC boosted its position in Stevanato Group by 114.6% in the 4th quarter. TimesSquare Capital Management LLC now owns 3,288,529 shares of the company’s stock valued at $71,657,000 after buying an additional 1,756,100 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Stevanato Group by 67.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,784,912 shares of the company’s stock valued at $55,698,000 after buying an additional 1,123,104 shares during the last quarter. Wellington Management Group LLP boosted its position in Stevanato Group by 4.5% in the 3rd quarter. Wellington Management Group LLP now owns 2,693,588 shares of the company’s stock valued at $53,872,000 after buying an additional 115,050 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its position in Stevanato Group by 28.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,355,799 shares of the company’s stock valued at $51,333,000 after buying an additional 524,989 shares during the last quarter.

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.