Stevanato Group (NYSE:STVN) Reaches New 12-Month High - Still a Buy?

Key Points

• Stevanato Group's stock reached a new 52-week high, trading as high as €28.00 ($32.94) with a current price of €26.90 ($31.65).
• Analysts rate the stock as a "Moderate Buy"** with one "Strong Buy," three "Buy," and two "Hold" ratings.
• Institutional investments increased significantly, with Bessemer Group's position rising by 14,623.3% during the first quarter.

Stevanato Group S.p.A. (NYSE:STVN - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as €28.00 ($32.94) and last traded at €26.90 ($31.65), with a volume of 2602 shares trading hands. The stock had previously closed at €26.73 ($31.45).

Analyst Ratings Changes

Separately, William Blair restated an "outperform" rating on shares of Stevanato Group in a research report on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

Stevanato Group Price Performance

The stock's 50-day moving average is €24.48 and its 200-day moving average is €23.22. The firm has a market cap of $8.17 billion, a P/E ratio of 49.98, a price-to-earnings-growth ratio of 2.54 and a beta of 0.55. The company has a quick ratio of 1.22, a current ratio of 1.79 and a debt-to-equity ratio of 0.25.

Hedge Funds Weigh In On Stevanato Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. increased its position in Stevanato Group by 14,623.3% during the first quarter. Bessemer Group Inc. now owns 13,251 shares of the company's stock worth $270,000 after acquiring an additional 13,161 shares during the period. Palisade Capital Management LP increased its position in Stevanato Group by 52.0% during the first quarter. Palisade Capital Management LP now owns 91,431 shares of the company's stock worth $1,867,000 after acquiring an additional 31,283 shares during the period. D. E. Shaw & Co. Inc. bought a new position in Stevanato Group during the fourth quarter worth $281,000. Envestnet Asset Management Inc. boosted its stake in Stevanato Group by 16.9% during the first quarter. Envestnet Asset Management Inc. now owns 162,770 shares of the company's stock worth $3,324,000 after buying an additional 23,545 shares in the last quarter. Finally, Yarbrough Capital LLC acquired a new stake in Stevanato Group during the first quarter worth $329,000.

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.

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