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

Stevanato Group S.p.A. (NYSE:STVN - Get Free Report) has received an average recommendation of "Moderate Buy" from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company.

Several research firms have commented on STVN. UBS Group lowered their price objective on Stevanato Group from $24.00 to $23.50 and set a "neutral" rating on the stock in a research report on Friday, March 7th. William Blair restated an "outperform" rating on shares of Stevanato Group in a research report on Monday. Finally, Stephens upgraded Stevanato Group to a "strong-buy" rating in a research note on Monday, April 21st.

Stevanato Group Stock Performance

Shares of STVN stock traded up €0.11 ($0.13) on Tuesday, hitting €24.59 ($28.93). The company had a trading volume of 152,808 shares, compared to its average volume of 336,173. Stevanato Group has a twelve month low of €17.12 ($20.14) and a twelve month high of €25.88 ($30.45). 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 firm has a market cap of $7.45 billion, a P/E ratio of 48.22, a price-to-earnings-growth ratio of 2.37 and a beta of 0.55. The company has a 50-day moving average price of €23.20 and a 200-day moving average price of €21.94.

Stevanato Group Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, June 5th will be issued a $0.0613 dividend. This represents a yield of 0.3%. This is a boost from Stevanato Group's previous annual dividend of $0.05. The ex-dividend date of this dividend is Thursday, June 5th.

Institutional Investors Weigh In On Stevanato Group

Several large investors have recently bought and sold shares of the company. Whittier Trust Co. acquired a new stake in shares of Stevanato Group in the first quarter worth approximately $27,000. Twin Tree Management LP acquired a new stake in Stevanato Group during the 1st quarter worth $29,000. Johnson Financial Group Inc. purchased a new stake in shares of Stevanato Group during the fourth quarter worth $41,000. SVB Wealth LLC acquired a new stake in shares of Stevanato Group in the first quarter valued at about $46,000. Finally, Van Berkom & Associates Inc. lifted its stake in shares of Stevanato Group by 33.3% in the first quarter. Van Berkom & Associates Inc. now owns 2,400 shares of the company's stock worth $49,000 after buying an additional 600 shares in the last quarter.

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.