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

Key Points

• Stevanato Group has an average analyst rating of “Moderate Buy” from six brokerage firms, with a mix of sell, hold, buy, and strong-buy calls.
• The company’s latest quarterly results showed €0.11 EPS, slightly below estimates, while revenue rose 6.6% year over year to €273.57 million.
• Recent trading activity included insider sales by two directors and continued institutional buying from several funds, indicating active portfolio adjustments around the stock.

Shares of Stevanato Group S.p.A. (NYSE:STVN - Get Free Report) have earned an average rating of "Moderate Buy" from the six ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have given a buy recommendation and two have assigned a strong buy recommendation to the company.

A number of brokerages recently commented on STVN. TD Cowen raised Stevanato Group to a "strong-buy" rating in a research report on Wednesday, June 17th. Weiss Ratings cut Stevanato Group from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, July 2nd. Finally, Wolfe Research started coverage on Stevanato Group in a research note on Tuesday, June 2nd. They issued an "outperform" rating and a $21.00 price objective for the company.

Stevanato Group Trading Down 4.4%

NYSE:STVN opened at €19.21 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.63. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 32.57, a price-to-earnings-growth ratio of 1.85 and a beta of 0.78. Stevanato Group has a 52 week low of €12.89 and a 52 week high of €28.00. The firm has a 50-day moving average price of €18.24 and a two-hundred day moving average price of €17.08.

Stevanato Group (NYSE:STVN - Get Free Report) last posted its earnings results on Friday, May 8th. The company reported €0.11 EPS for the quarter, missing the consensus estimate of €0.12 by (€0.01). Stevanato Group had a return on equity of 10.27% and a net margin of 11.76%.The firm had revenue of €273.57 million for the quarter. During the same quarter in the prior year, the company posted $0.10 earnings per share. The firm's quarterly revenue was up 6.6% on a year-over-year basis. On average, equities analysts expect that Stevanato Group will post 0.68 earnings per share for the current fiscal year.

Insider Activity at Stevanato Group

In related news, Director Madhavan Balachandran sold 1,493 shares of the business's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of €17.09, for a total value of €25,515.37. Following the transaction, the director directly owned 69,458 shares of the company's stock, valued at approximately €1,187,037.22. The trade was a 2.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Donald E. Morel, Jr. sold 1,493 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of €17.09, for a total transaction of €25,515.37. Following the transaction, the director owned 37,424 shares of the company's stock, valued at approximately €639,576.16. The trade was a 3.84% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 5,972 shares of company stock valued at $102,061 over the last quarter. Corporate insiders own 0.70% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Handelsbanken Fonder AB raised its holdings in shares of Stevanato Group by 26.4% in the 2nd quarter. Handelsbanken Fonder AB now owns 30,600 shares of the company's stock worth $553,000 after purchasing an additional 6,400 shares during the period. First Bank & Trust lifted its stake in Stevanato Group by 3.4% in the second quarter. First Bank & Trust now owns 18,417 shares of the company's stock valued at $333,000 after purchasing an additional 603 shares during the last quarter. Cooper Investors PTY Ltd. grew its holdings in Stevanato Group by 4.4% during the second quarter. Cooper Investors PTY Ltd. now owns 668,494 shares of the company's stock valued at $12,080,000 after purchasing an additional 28,265 shares during the period. Confluence Investment Management LLC bought a new position in Stevanato Group during the second quarter valued at $6,062,000. Finally, Glenmede Trust Co. NA increased its position in Stevanato Group by 29.5% in the first quarter. Glenmede Trust Co. NA now owns 38,461 shares of the company's stock worth $529,000 after buying an additional 8,770 shares during the last quarter.

About Stevanato Group

Stevanato Group is a global provider of primary packaging solutions and related services for the pharmaceutical and biotech industries. The company specializes in the design, development and manufacturing of glass drug containers such as vials, cartridges and pre-fillable syringes, as well as advanced inspection systems and assembly equipment. Its integrated offerings cover the entire packaging supply chain, from component production to bespoke filling lines and serialization technology.

In addition to its core glass business, Stevanato Group delivers engineering services and process validation support to pharmaceutical customers.

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