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

Key Points

• Stevanato Group S.p.A. (NYSE:STVN) has received an average rating of "Moderate Buy" from brokerages, with mixed recommendations including two holds, four buys, and one strong buy.
• The company recently announced an increase in its annual dividend to $0.0613 per share, up from the previous annual dividend of $0.05, reflecting a yield of 0.3%.
• Stevanato Group's shares are currently trading at approximately €26.18 ($30.80), having fallen 6.3%, with a market cap of $7.93 billion and a PE ratio of 51.33.

Shares of Stevanato Group S.p.A. (NYSE:STVN - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven analysts that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company.

A number of equities analysts have recently commented on the company. 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 research report on Monday, April 21st.

Stevanato Group Stock Down 6.3%

Shares of STVN traded down €1.77 ($2.08) during mid-day trading on Friday, hitting €26.18 ($30.80). 414,900 shares of the company's stock were exchanged, compared to its average volume of 253,668. The firm has a fifty day moving average of €24.22 and a two-hundred day moving average of €22.32. Stevanato Group has a twelve month low of €17.12 ($20.14) and a twelve month high of €28.00 ($32.94). The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 49.09, a P/E/G ratio of 2.66 and a beta of 0.55. The company has a quick ratio of 1.26, a current ratio of 1.83 and a debt-to-equity ratio of 0.22.

Stevanato Group Increases Dividend

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

Institutional Trading of Stevanato Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STVN. Lindenwold Advisors INC bought a new position in Stevanato Group during the second quarter worth about $229,000. Bar Harbor Wealth Management acquired a new position in shares of Stevanato Group in the 2nd quarter valued at approximately $9,081,000. Hilltop National Bank acquired a new position in Stevanato Group in the 2nd quarter worth $158,000. Truist Financial Corp boosted its stake in Stevanato Group by 9.5% in the 2nd quarter. Truist Financial Corp now owns 32,029 shares of the company's stock worth $782,000 after purchasing an additional 2,781 shares during the period. Finally, Diversified Trust Co acquired a new position in shares of Stevanato Group during the second quarter worth about $352,000.

About Stevanato Group

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.