Stevanato Group (NYSE:STVN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Stevanato Group (NYSE:STVN) from a hold rating to a buy rating in a research report sent to investors on Friday morning.

Other equities research analysts have also issued research reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of Stevanato Group in a research note on Monday, December 29th. Morgan Stanley began coverage on Stevanato Group in a report on Monday, December 1st. They issued an “equal weight” rating and a $24.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Stevanato Group Stock Down 10.1%

Shares of NYSE:STVN opened at €17.22 on Friday. The company has a fifty day moving average of €21.14 and a 200-day moving average of €23.47. The company has a market capitalization of $5.21 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 1.42 and a beta of 0.58. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.30 and a current ratio of 1.89. Stevanato Group has a 52-week low of €16.30 and a 52-week high of €28.00.

Institutional Trading of Stevanato Group

Several hedge funds have recently added to or reduced their stakes in STVN. Artisan Partners Limited Partnership grew its stake in shares of Stevanato Group by 20.0% during the second quarter. Artisan Partners Limited Partnership now owns 2,733,782 shares of the company’s stock valued at $66,786,000 after buying an additional 455,323 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Stevanato Group by 7.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,372,390 shares of the company’s stock valued at $61,089,000 after acquiring an additional 156,733 shares during the last quarter. Bamco Inc. NY boosted its holdings in Stevanato Group by 4.5% during the 3rd quarter. Bamco Inc. NY now owns 1,973,759 shares of the company’s stock valued at $50,824,000 after acquiring an additional 85,709 shares during the period. ArrowMark Colorado Holdings LLC grew its position in Stevanato Group by 6.7% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,392,581 shares of the company’s stock worth $35,859,000 after acquiring an additional 86,971 shares during the last quarter. Finally, Ranger Investment Management L.P. increased its stake in Stevanato Group by 125.6% in the 2nd quarter. Ranger Investment Management L.P. now owns 1,321,030 shares of the company’s stock worth $32,273,000 after purchasing an additional 735,417 shares during the period.

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.