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

Shares of Stevanato Group S.p.A. (NYSE:STVN) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company.

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

Stevanato Group Price Performance

Stevanato Group stock opened at €18.44 ($19.21) on Wednesday. Stevanato Group has a 52 week low of €16.56 ($17.25) and a 52 week high of €34.00 ($35.42). The business has a 50-day simple moving average of €21.54 and a 200 day simple moving average of €20.54. The company has a quick ratio of 1.21, a current ratio of 1.81 and a debt-to-equity ratio of 0.22. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 39.23, a PEG ratio of 7.18 and a beta of 0.56.

Institutional Investors Weigh In On Stevanato Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Van Berkom & Associates Inc. bought a new stake in shares of Stevanato Group in the 4th quarter valued at about $39,000. Johnson Financial Group Inc. bought a new position in Stevanato Group during the 4th quarter valued at approximately $41,000. Wells Fargo & Company MN raised its position in Stevanato Group by 680.3% during the 4th quarter. Wells Fargo & Company MN now owns 3,246 shares of the company’s stock valued at $71,000 after purchasing an additional 2,830 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Stevanato Group by 1,457.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,654 shares of the company’s stock valued at $123,000 after purchasing an additional 5,291 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Stevanato Group by 202.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,413 shares of the company’s stock valued at $162,000 after purchasing an additional 4,965 shares during 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.