Stevanato Group S.p.A. (NYSE:STVN - Get Free Report)'s share price fell 5.8% during trading on Thursday . The company traded as low as €18.37 ($19.34) and last traded at €18.92 ($19.92). 148,637 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 318,198 shares. The stock had previously closed at €20.09 ($21.15).
Analyst Ratings Changes
Several brokerages recently issued reports on STVN. Bank of America lifted their target price on Stevanato Group from $24.00 to $26.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Wolfe Research began coverage on Stevanato Group in a research report on Friday, December 13th. They set an "outperform" rating and a $28.00 target price on the stock. Finally, Morgan Stanley reaffirmed an "equal weight" rating and set a $23.00 target price (down previously from $24.00) on shares of Stevanato Group in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of €28.60 ($30.11).
Read Our Latest Stock Analysis on Stevanato Group
Stevanato Group Stock Up 2.2 %
The stock has a fifty day moving average of €21.93 and a 200 day moving average of €20.52. The firm has a market capitalization of $5.90 billion, a P/E ratio of 41.47, a price-to-earnings-growth ratio of 7.89 and a beta of 0.56. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.81 and a quick ratio of 1.21.
Institutional Trading of Stevanato Group
A number of hedge funds have recently bought and sold shares of the business. Van Berkom & Associates Inc. bought a new stake in shares of Stevanato Group in the fourth quarter valued at $39,000. Johnson Financial Group Inc. bought a new stake in shares of Stevanato Group in the fourth quarter valued at $41,000. Wells Fargo & Company MN raised its stake in shares of Stevanato Group by 680.3% in the fourth quarter. Wells Fargo & Company MN now owns 3,246 shares of the company's stock valued at $71,000 after buying an additional 2,830 shares during the period. nVerses Capital LLC bought a new stake in shares of Stevanato Group in the third quarter valued at $84,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Stevanato Group by 1,457.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,654 shares of the company's stock valued at $123,000 after buying an additional 5,291 shares during the period.
About Stevanato Group
(
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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.
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