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.

Stevanato Group S.p.A. (NYSE:STVN - Get Free Report) has received an average recommendation of "Moderate Buy" from the seven analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company.

STVN has been the topic of a number of recent analyst reports. William Blair reiterated an "outperform" rating on shares of Stevanato Group in a research report on Monday, June 30th. Stephens upgraded shares of Stevanato Group to a "strong-buy" rating in a research report on Monday, April 21st.

Stevanato Group Price Performance

Shares of Stevanato Group stock traded down €0.49 ($0.56) during trading on Friday, reaching €25.48 ($29.29). 945,300 shares of the company's stock were exchanged, compared to its average volume of 334,562. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.26 and a current ratio of 1.83. Stevanato Group has a 1-year low of €17.12 ($19.68) and a 1-year high of €28.00 ($32.18). The company has a market cap of $7.72 billion, a P/E ratio of 49.96, a PEG ratio of 2.60 and a beta of 0.55. The firm's 50-day moving average price is €24.26 and its 200 day moving average price is €22.33.

Stevanato Group Increases Dividend

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

Hedge Funds Weigh In On Stevanato Group

Several large investors have recently bought and sold shares of the company. LPL Financial LLC increased its holdings in Stevanato Group by 24.6% in the fourth quarter. LPL Financial LLC now owns 85,721 shares of the company's stock valued at $1,940,000 after purchasing an additional 16,915 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Stevanato Group by 34.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 19,358 shares of the company's stock valued at $458,000 after purchasing an additional 4,976 shares during the period. Artisan Partners Limited Partnership increased its holdings in Stevanato Group by 28.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,355,799 shares of the company's stock valued at $51,333,000 after purchasing an additional 524,989 shares during the period. Blair William & Co. IL acquired a new stake in Stevanato Group in the fourth quarter valued at $466,000. Finally, Allianz SE acquired a new stake in Stevanato Group in the fourth quarter valued at $748,000.

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.