Stevanato Group (NYSE:STVN) Trading Up 0.6% - What's Next?

Stevanato Group S.p.A. (NYSE:STVN - Get Free Report)'s stock price shot up 0.6% on Friday . The company traded as high as €20.97 ($22.07) and last traded at €20.12 ($21.18). 56,763 shares traded hands during trading, a decline of 89% from the average session volume of 508,238 shares. The stock had previously closed at €20.00 ($21.05).

Analysts Set New Price Targets

Separately, Citigroup decreased their price target on shares of Stevanato Group from $30.00 to $28.00 and set a "buy" rating for the company in a report on Wednesday, August 7th.

Stevanato Group Price Performance

The business has a 50 day simple moving average of €19.48 and a 200-day simple moving average of €19.64. The company has a market capitalization of $5.92 billion, a P/E ratio of 42.62, a PEG ratio of 9.00 and a beta of 0.58. The company has a quick ratio of 1.21, a current ratio of 1.81 and a debt-to-equity ratio of 0.22.

Stevanato Group (NYSE:STVN - Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported €0.12 ($0.13) EPS for the quarter, missing the consensus estimate of €0.13 ($0.14) by (€0.01) (($0.01)). The firm had revenue of €277.90 million during the quarter, compared to the consensus estimate of €274.36 million. Stevanato Group had a return on equity of 9.86% and a net margin of 10.47%. Stevanato Group's revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the company posted $0.16 EPS. Analysts predict that Stevanato Group S.p.A. will post 0.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Stevanato Group

Several institutional investors have recently bought and sold shares of STVN. Thrivent Financial for Lutherans acquired a new position in shares of Stevanato Group during the 2nd quarter valued at $30,477,000. Pembroke Management LTD grew its holdings in Stevanato Group by 143.7% during the third quarter. Pembroke Management LTD now owns 1,051,140 shares of the company's stock worth $21,023,000 after acquiring an additional 619,747 shares during the period. Tri Locum Partners LP bought a new stake in Stevanato Group in the second quarter worth about $10,370,000. Thornburg Investment Management Inc. lifted its holdings in Stevanato Group by 279.1% in the 2nd quarter. Thornburg Investment Management Inc. now owns 746,218 shares of the company's stock valued at $13,690,000 after acquiring an additional 549,378 shares during the last quarter. Finally, Conestoga Capital Advisors LLC boosted its position in shares of Stevanato Group by 7.3% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 7,275,823 shares of the company's stock valued at $133,439,000 after purchasing an additional 496,930 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.