Stevanato Group S.p.A. (NYSE:STVN - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at €24.50 ($28.82), but opened at €26.31 ($30.95). Stevanato Group shares last traded at €25.51 ($30.01), with a volume of 3,323 shares.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on STVN. William Blair reaffirmed an "outperform" rating on shares of Stevanato Group in a research note on Monday, June 30th. Stephens raised shares of Stevanato Group to a "strong-buy" rating in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Stevanato Group currently has a consensus rating of "Moderate Buy" and a consensus price target of €25.70 ($30.24).
View Our Latest Research Report on STVN
Stevanato Group Stock Down 2.0%
The company has a quick ratio of 1.26, a current ratio of 1.83 and a debt-to-equity ratio of 0.22. The company has a market cap of $8.29 billion, a price-to-earnings ratio of 53.71, a P/E/G ratio of 2.55 and a beta of 0.55. The stock has a fifty day moving average price of €24.17 and a two-hundred day moving average price of €22.31.
Stevanato Group Increases Dividend
The company also recently announced an annual dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, June 5th were issued a dividend of $0.0613 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a dividend yield of 0.3%. This is an increase from Stevanato Group's previous annual dividend of $0.05.
Institutional Investors Weigh In On Stevanato Group
A number of hedge funds and other institutional investors have recently modified their holdings of STVN. Whittier Trust Co. bought a new position in Stevanato Group in the first quarter valued at about $27,000. Twin Tree Management LP bought a new position in shares of Stevanato Group during the 1st quarter worth approximately $29,000. Johnson Financial Group Inc. bought a new position in shares of Stevanato Group in the 4th quarter worth $41,000. SVB Wealth LLC bought a new position in Stevanato Group during the 1st quarter valued at $46,000. Finally, Van Berkom & Associates Inc. lifted its stake in Stevanato Group by 33.3% during the 1st quarter. Van Berkom & Associates Inc. now owns 2,400 shares of the company's stock valued at $49,000 after acquiring an additional 600 shares in the last quarter.
Stevanato Group Company Profile
(
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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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