Stevanato Group S.p.A. (NYSE:STVN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Stevanato Group S.p.A. (NYSE:STVN) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

STVN has been the topic of several recent research reports. KeyCorp reduced their price target on Stevanato Group from $37.00 to $32.00 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. Weiss Ratings lowered Stevanato Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, March 11th. Citigroup dropped their target price on shares of Stevanato Group from $32.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Jefferies Financial Group set a $17.50 target price on shares of Stevanato Group in a research report on Tuesday, February 10th. Finally, Wall Street Zen lowered shares of Stevanato Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Stevanato Group by 10.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,923,632 shares of the company’s stock valued at $78,944,000 after purchasing an additional 368,792 shares in the last quarter. Susquehanna Portfolio Strategies LLC boosted its position in shares of Stevanato Group by 62.8% during the fourth quarter. Susquehanna Portfolio Strategies LLC now owns 72,554 shares of the company’s stock valued at $1,460,000 after buying an additional 27,991 shares during the last quarter. Millennium Management LLC bought a new stake in Stevanato Group in the 4th quarter worth about $278,000. Balyasny Asset Management L.P. lifted its stake in Stevanato Group by 688.3% during the 4th quarter. Balyasny Asset Management L.P. now owns 112,253 shares of the company’s stock valued at $2,259,000 after acquiring an additional 98,013 shares during the period. Finally, Bamco Inc. NY lifted its stake in Stevanato Group by 1.4% during the 4th quarter. Bamco Inc. NY now owns 2,001,724 shares of the company’s stock valued at $40,275,000 after acquiring an additional 27,965 shares during the period.

Stevanato Group Stock Performance

NYSE:STVN opened at €15.45 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.26 and a current ratio of 1.76. Stevanato Group has a fifty-two week low of €13.91 and a fifty-two week high of €28.00. The firm has a market cap of $4.68 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 1.37 and a beta of 0.57. The business has a 50 day moving average price of €16.82 and a 200-day moving average price of €21.28.

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.