Stevanato Group (NYSE:STVN) Sees Large Volume Increase – Should You Buy?

Stevanato Group S.p.A. (NYSE:STVN) saw strong trading volume on Thursday . 869,270 shares were traded during mid-day trading, an increase of 104% from the previous session’s volume of 426,629 shares.The stock last traded at €19.78 and had previously closed at €19.44.

Wall Street Analysts Forecast Growth

Several research firms recently commented on STVN. Morgan Stanley started coverage on shares of Stevanato Group in a report on Monday, December 1st. They issued an “equal weight” rating and a $24.00 price target on the stock. Wall Street Zen upgraded shares of Stevanato Group from a “hold” rating to a “buy” rating in a report on Friday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Stevanato Group in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Stevanato Group Stock Performance

The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 30.21, a price-to-earnings-growth ratio of 1.58 and a beta of 0.58. The company has a current ratio of 1.89, a quick ratio of 1.30 and a debt-to-equity ratio of 0.26. The stock has a 50-day simple moving average of €21.14 and a 200-day simple moving average of €23.49.

Institutional Investors Weigh In On Stevanato Group

A number of institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its stake in Stevanato Group by 391.4% in the fourth quarter. Farther Finance Advisors LLC now owns 8,324 shares of the company’s stock worth $167,000 after purchasing an additional 6,630 shares in the last quarter. Cooper Investors PTY Ltd. increased its holdings in shares of Stevanato Group by 17.8% in the 4th quarter. Cooper Investors PTY Ltd. now owns 695,245 shares of the company’s stock valued at $13,988,000 after acquiring an additional 104,937 shares during the last quarter. First Bank & Trust raised its position in shares of Stevanato Group by 5.6% during the 4th quarter. First Bank & Trust now owns 17,109 shares of the company’s stock valued at $344,000 after acquiring an additional 904 shares in the last quarter. SG Americas Securities LLC lifted its stake in Stevanato Group by 90.8% during the fourth quarter. SG Americas Securities LLC now owns 24,325 shares of the company’s stock worth $489,000 after purchasing an additional 11,574 shares during the last quarter. Finally, Diversified Trust Co. lifted its stake in Stevanato Group by 12.5% during the fourth quarter. Diversified Trust Co. now owns 16,200 shares of the company’s stock worth $326,000 after purchasing an additional 1,800 shares during the last quarter.

About Stevanato Group

Stevanato Group is a global provider of primary packaging solutions and related services for the pharmaceutical and biotech industries. The company specializes in the design, development and manufacturing of glass drug containers such as vials, cartridges and pre-fillable syringes, as well as advanced inspection systems and assembly equipment. Its integrated offerings cover the entire packaging supply chain, from component production to bespoke filling lines and serialization technology.

In addition to its core glass business, Stevanato Group delivers engineering services and process validation support to pharmaceutical customers.