Stevanato Group (NYSE:STVN) Sets New 52-Week High - Should You Buy?

Stevanato Group S.p.A. (NYSE:STVN - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as €26.21 ($30.48) and last traded at €25.72 ($29.91), with a volume of 192300 shares. The stock had previously closed at €25.65 ($29.83).

Analyst Ratings Changes

A number of research analysts have recently commented on STVN shares. Stephens upgraded shares of Stevanato Group to a "strong-buy" rating in a report on Monday, April 21st. William Blair reiterated an "outperform" rating on shares of Stevanato Group in a report on Monday, June 30th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of €25.70 ($29.88).

Stevanato Group Trading Down 1.0%

The firm has a market capitalization of $7.64 billion, a PE ratio of 49.49, a price-to-earnings-growth ratio of 2.44 and a beta of 0.55. The company's 50-day simple moving average is €24.02 and its 200 day simple moving average is €22.20. The company has a quick ratio of 1.26, a current ratio of 1.83 and a debt-to-equity ratio of 0.22.

Stevanato Group Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Thursday, July 17th. Investors of record on Thursday, June 5th were given a $0.0613 dividend. This is a positive change from Stevanato Group's previous annual dividend of $0.05. This represents a dividend yield of 0.3%. The ex-dividend date was Thursday, June 5th.

Hedge Funds Weigh In On Stevanato Group

Several hedge funds and other institutional investors have recently modified their holdings of STVN. Invesco Ltd. purchased a new position in shares of Stevanato Group in the 1st quarter valued at approximately $19,072,000. Frontier Capital Management Co. LLC raised its position in Stevanato Group by 1,012.0% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,003,235 shares of the company's stock worth $21,860,000 after buying an additional 913,019 shares during the last quarter. Champlain Investment Partners LLC purchased a new position in Stevanato Group during the 1st quarter worth approximately $15,741,000. MetLife Investment Management LLC purchased a new position in Stevanato Group during the 1st quarter worth approximately $12,944,000. Finally, Ranger Investment Management L.P. acquired a new stake in shares of Stevanato Group during the 4th quarter worth approximately $12,940,000.

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.