Stevanato Group S.p.A. (NYSE:STVN) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Stevanato Group S.p.A. (NYSE:STVN) has received an average analyst recommendation of "Moderate Buy", with ratings from six firms including two holds and one strong buy.
• Institutional investors have significantly increased their stakes in Stevanato Group, with Bessemer Group raising its holdings by 14,623.3% in the first quarter alone.
• As of now, Stevanato Group's stock price is €22.48, with a market capitalization of $6.81 billion and a PE ratio of 41.63.

Stevanato Group S.p.A. (NYSE:STVN - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company.

Separately, William Blair reissued an "outperform" rating on shares of Stevanato Group in a research report on Monday, June 30th.

Hedge Funds Weigh In On Stevanato Group

Several institutional investors have recently bought and sold shares of STVN. Wells Fargo & Company MN raised its holdings in Stevanato Group by 680.3% during the fourth quarter. Wells Fargo & Company MN now owns 3,246 shares of the company's stock valued at $71,000 after buying an additional 2,830 shares in the last quarter. Raymond James Financial Inc. bought a new position in Stevanato Group during the fourth quarter valued at about $5,754,000. Tower Research Capital LLC TRC raised its holdings in Stevanato Group by 202.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,413 shares of the company's stock valued at $162,000 after buying an additional 4,965 shares in the last quarter. Hancock Whitney Corp bought a new position in Stevanato Group during the fourth quarter valued at about $239,000. Finally, Johnson Financial Group Inc. bought a new position in Stevanato Group during the fourth quarter valued at about $41,000.

Stevanato Group Stock Down 1.4%

STVN traded down €0.33 during trading on Wednesday, reaching €22.52. 336,900 shares of the stock traded hands, compared to its average volume of 403,945. The stock has a market cap of $6.82 billion, a price-to-earnings ratio of 41.70, a price-to-earnings-growth ratio of 2.13 and a beta of 0.55. Stevanato Group has a fifty-two week low of €17.12 and a fifty-two week high of €28.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.79 and a quick ratio of 1.22. The stock's 50-day simple moving average is €24.34 and its two-hundred day simple moving average is €22.49.

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.