Stevanato Group (NYSE:STVN) Stock Price Up 6.8% - Still a Buy?

Stevanato Group S.p.A. (NYSE:STVN - Get Free Report) shares shot up 6.8% during trading on Friday . The stock traded as high as €20.38 ($21.23) and last traded at €20.37 ($21.22). 339,137 shares were traded during mid-day trading, a decline of 1% from the average session volume of 341,494 shares. The stock had previously closed at €19.07 ($19.86).

Wall Street Analyst Weigh In

STVN has been the topic of a number of analyst reports. Bank of America lifted their price objective on shares of Stevanato Group from $24.00 to $26.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Morgan Stanley restated an "equal weight" rating and set a $23.00 price objective (down previously from $24.00) on shares of Stevanato Group in a report on Tuesday, December 3rd. Finally, Wolfe Research initiated coverage on shares of Stevanato Group in a research report on Friday, December 13th. They set an "outperform" rating and a $28.00 target price on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of €28.60 ($29.79).

Stevanato Group Stock Performance

The stock's fifty day simple moving average is €21.95 and its 200-day simple moving average is €20.52. The company has a market capitalization of $6.02 billion, a price-to-earnings ratio of 42.30, a price-to-earnings-growth ratio of 7.89 and a beta of 0.56. The company has a current ratio of 1.81, a quick ratio of 1.21 and a debt-to-equity ratio of 0.22.

Hedge Funds Weigh In On Stevanato Group

A number of institutional investors have recently modified their holdings of the business. Hardy Reed LLC lifted its position in Stevanato Group by 8.2% during the 3rd quarter. Hardy Reed LLC now owns 11,077 shares of the company's stock worth $222,000 after acquiring an additional 840 shares during the period. First Bank & Trust increased its stake in Stevanato Group by 7.3% in the 4th quarter. First Bank & Trust now owns 15,145 shares of the company's stock valued at $330,000 after buying an additional 1,036 shares during the period. Truist Financial Corp raised its position in Stevanato Group by 4.2% during the 4th quarter. Truist Financial Corp now owns 26,900 shares of the company's stock worth $586,000 after buying an additional 1,073 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of Stevanato Group by 9.7% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 12,874 shares of the company's stock worth $281,000 after acquiring an additional 1,141 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of Stevanato Group by 17.9% in the fourth quarter. US Bancorp DE now owns 8,527 shares of the company's stock valued at $186,000 after acquiring an additional 1,295 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.

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