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

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

STVN has been the topic of several research reports. Stephens raised shares of Stevanato Group to a "strong-buy" rating in a research report on Monday, April 21st. UBS Group decreased their price objective on shares of Stevanato Group from $24.00 to $23.50 and set a "neutral" rating for the company in a research note on Friday, March 7th. Finally, William Blair reaffirmed an "outperform" rating on shares of Stevanato Group in a report on Friday, March 7th.

Stevanato Group Price Performance

Shares of STVN stock traded up €0.76 ($0.85) on Monday, reaching €24.42 ($27.44). 374,000 shares of the company were exchanged, compared to its average volume of 350,972. Stevanato Group has a 1 year low of €16.56 ($18.61) and a 1 year high of €24.90 ($27.98). The company has a market cap of $7.40 billion, a price-to-earnings ratio of 51.96, a P/E/G ratio of 7.18 and a beta of 0.51. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.21 and a current ratio of 1.81. The business has a 50-day moving average price of €21.22 and a 200 day moving average price of €21.04.

Stevanato Group (NYSE:STVN - Get Free Report) last issued 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 analyst estimates of €346.26 million. Stevanato Group had a net margin of 10.47% and a return on equity of 9.86%. Equities research analysts forecast that Stevanato Group will post 0.5 earnings per share for the current fiscal year.

Stevanato Group Increases Dividend

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

Hedge Funds Weigh In On Stevanato Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Whittier Trust Co. acquired a new stake in shares of Stevanato Group in the 1st quarter valued at approximately $27,000. Van Berkom & Associates Inc. acquired a new stake in shares of Stevanato Group during the 4th quarter worth approximately $39,000. Johnson Financial Group Inc. acquired a new stake in shares of Stevanato Group during the 4th quarter worth approximately $41,000. Wells Fargo & Company MN grew its position in Stevanato Group by 680.3% in the 4th quarter. Wells Fargo & Company MN now owns 3,246 shares of the company's stock valued at $71,000 after purchasing an additional 2,830 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in Stevanato Group by 1,457.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,654 shares of the company's stock valued at $123,000 after purchasing an additional 5,291 shares during the period.

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.