Stevanato Group (NYSE:STVN) Hits New 1-Year High - Time to Buy?

Stevanato Group S.p.A. (NYSE:STVN - Get Free Report)'s share price reached a new 52-week high on Thursday . The stock traded as high as €27.23 ($32.04) and last traded at €26.98 ($31.74), with a volume of 352982 shares changing hands. The stock had previously closed at €25.41 ($29.89).

Wall Street Analyst Weigh In

A number of brokerages have issued reports on STVN. William Blair reaffirmed an "outperform" rating on shares of Stevanato Group in a report on Monday, June 30th. Stephens raised Stevanato Group to a "strong-buy" rating in a report on Monday, April 21st. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of €25.70 ($30.24).

Stevanato Group Price Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.83 and a quick ratio of 1.26. The company has a market cap of $8.14 billion, a PE ratio of 52.71, a P/E/G ratio of 2.45 and a beta of 0.55. The company has a 50-day moving average price of €24.08 and a two-hundred day moving average price of €22.27.

Stevanato Group Increases Dividend

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

Hedge Funds Weigh In On Stevanato Group

A number of hedge funds have recently bought and sold shares of the company. Natixis Advisors LLC increased its holdings in shares of Stevanato Group by 5.4% in the 4th quarter. Natixis Advisors LLC now owns 54,128 shares of the company's stock worth $1,179,000 after acquiring an additional 2,785 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Stevanato Group during the 4th quarter worth $317,000. LPL Financial LLC raised its holdings in Stevanato Group by 24.6% during the 4th quarter. LPL Financial LLC now owns 85,721 shares of the company's stock worth $1,940,000 after buying an additional 16,915 shares during the period. Zions Bancorporation N.A. raised its holdings in shares of Stevanato Group by 29.7% during the fourth quarter. Zions Bancorporation N.A. now owns 68,017 shares of the company's stock valued at $1,482,000 after acquiring an additional 15,555 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Stevanato Group by 34.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 19,358 shares of the company's stock worth $458,000 after acquiring an additional 4,976 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.

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