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

Shares of Stevanato Group S.p.A. (NYSE:STVN) have received an average recommendation of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company.

A number of research firms have weighed in on STVN. Morgan Stanley reaffirmed an “equal weight” rating and issued a $30.00 price objective on shares of Stevanato Group in a report on Monday, April 22nd. BNP Paribas started coverage on Stevanato Group in a research report on Monday, April 22nd. They set an “outperform” rating on the stock. Finally, Stephens restated an “overweight” rating and issued a $38.00 price objective on shares of Stevanato Group in a research report on Monday, March 25th.

Stevanato Group Trading Down 3.9 %

Shares of STVN stock opened at €18.00 ($19.35) on Wednesday. Stevanato Group has a 52-week low of €16.56 ($17.81) and a 52-week high of €36.30 ($39.03). The company has a debt-to-equity ratio of 0.21, a current ratio of 1.92 and a quick ratio of 1.35. The business has a 50-day simple moving average of €20.94 and a 200-day simple moving average of €26.70.

Stevanato Group (NYSE:STVN) last announced its quarterly earnings results on Thursday, May 9th. The company reported €0.09 ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of €0.12 ($0.13) by (€0.03) (($0.03)). The company had revenue of €256.24 million during the quarter, compared to analyst estimates of €261.28 million. Stevanato Group had a net margin of 12.57% and a return on equity of 12.61%. Research analysts predict that Stevanato Group will post 0.54 earnings per share for the current year.

Stevanato Group Announces Dividend

The company also recently declared an annual dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, June 4th will be given a dividend of $0.053 per share. This represents a dividend yield of 0.29%. The ex-dividend date of this dividend is Tuesday, June 4th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Light Asset Management LLC raised its position in shares of Stevanato Group by 24.8% in the fourth quarter. First Light Asset Management LLC now owns 729,961 shares of the company’s stock valued at $19,921,000 after buying an additional 145,206 shares during the last quarter. Yorktown Management & Research Co Inc acquired a new position in shares of Stevanato Group during the 4th quarter worth approximately $254,000. Trust Point Inc. purchased a new stake in shares of Stevanato Group in the fourth quarter valued at approximately $252,000. Riverbridge Partners LLC increased its holdings in shares of Stevanato Group by 78.1% in the fourth quarter. Riverbridge Partners LLC now owns 1,274,805 shares of the company’s stock valued at $34,789,000 after purchasing an additional 559,070 shares during the last quarter. Finally, Sands Capital Management LLC lifted its position in Stevanato Group by 1.6% during the fourth quarter. Sands Capital Management LLC now owns 1,884,330 shares of the company’s stock worth $51,423,000 after buying an additional 29,450 shares in the last quarter.

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.