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

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

STVN has been the subject of a number of recent analyst reports. Stephens upgraded shares of Stevanato Group to a "strong-buy" rating in a report on Monday, April 21st. William Blair reissued an "outperform" rating on shares of Stevanato Group in a research note on Friday, March 7th. Finally, UBS Group lowered their price target on Stevanato Group from $24.00 to $23.50 and set a "neutral" rating for the company in a research report on Friday, March 7th.

Stevanato Group Stock Up 1.0%

Shares of STVN traded up €0.23 ($0.26) during trading hours on Monday, reaching €23.55 ($26.46). 33,561 shares of the stock traded hands, compared to its average volume of 346,626. Stevanato Group has a 52 week low of €16.56 ($18.61) and a 52 week high of €24.96 ($28.04). The stock has a fifty day simple moving average of €21.35 and a 200 day simple moving average of €21.14. The company has a market cap of $7.13 billion, a price-to-earnings ratio of 50.11, a PEG ratio of 7.18 and a beta of 0.51. The company has a current ratio of 1.81, a quick ratio of 1.21 and a debt-to-equity ratio of 0.22.

Stevanato Group (NYSE:STVN - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported €0.20 ($0.22) EPS for the quarter, hitting the consensus estimate of €0.20 ($0.22). The firm had revenue of €352.68 million for the quarter, compared to the consensus estimate of €346.26 million. Stevanato Group had a return on equity of 9.86% and a net margin of 10.47%. On average, equities analysts forecast that Stevanato Group will post 0.5 EPS for the current year.

Stevanato Group Increases Dividend

The company also recently announced an annual dividend, which will be paid on Thursday, July 17th. Stockholders of record on Thursday, June 5th will be given a $0.0613 dividend. The ex-dividend date is Thursday, June 5th. This represents a dividend yield of 0.3%. This is a positive change from Stevanato Group's previous annual dividend of $0.05. Stevanato Group's dividend payout ratio is currently 11.76%.

Hedge Funds Weigh In On Stevanato Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Whittier Trust Co. purchased a new stake in shares of Stevanato Group in the first quarter worth $27,000. Twin Tree Management LP bought a new position in Stevanato Group in the 1st quarter worth about $29,000. Van Berkom & Associates Inc. purchased a new stake in Stevanato Group during the 4th quarter valued at about $39,000. Johnson Financial Group Inc. bought a new stake in Stevanato Group during the 4th quarter valued at about $41,000. Finally, SVB Wealth LLC bought a new stake in Stevanato Group during the 1st quarter valued at about $46,000.

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.