Stevanato Group (NYSE:STVN) Sets New 1-Year High - Should You Buy?

Stevanato Group S.p.A. (NYSE:STVN - Get Free Report)'s stock price hit 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 trading hands. The stock had previously closed at €25.41 ($29.89).

Analyst Upgrades and Downgrades

A number of research firms have recently commented on STVN. William Blair reiterated an "outperform" rating on shares of Stevanato Group in a research note on Monday, June 30th. Stephens raised Stevanato Group to a "strong-buy" rating in a report on Monday, April 21st. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Stevanato Group has a consensus rating of "Moderate Buy" and a consensus price target of €25.70 ($30.24).

Stevanato Group Trading Down 2.8%

The firm has a fifty day moving average of €24.22 and a two-hundred day moving average of €22.31. The company has a market cap of $7.80 billion, a PE ratio of 50.53, a price-to-earnings-growth ratio of 2.66 and a beta of 0.55. The company has a current ratio of 1.83, a quick ratio of 1.26 and a debt-to-equity ratio of 0.22.

Stevanato Group Increases Dividend

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

Institutional Investors Weigh In On Stevanato Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Lindenwold Advisors INC bought a new stake in shares of Stevanato Group during the second quarter valued at about $229,000. Bar Harbor Wealth Management purchased a new position in shares of Stevanato Group during the second quarter worth about $9,081,000. Hilltop National Bank purchased a new position in shares of Stevanato Group during the second quarter worth about $158,000. Truist Financial Corp grew its holdings in shares of Stevanato Group by 9.5% during the second quarter. Truist Financial Corp now owns 32,029 shares of the company's stock worth $782,000 after purchasing an additional 2,781 shares in the last quarter. Finally, Diversified Trust Co purchased a new position in shares of Stevanato Group during the second quarter worth about $352,000.

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.