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

Stevanato Group S.p.A. (NYSE:STVN - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

STVN has been the subject of several research reports. Wolfe Research initiated coverage on shares of Stevanato Group in a research note on Friday, December 13th. They set an "outperform" rating and a $28.00 price objective for the company. Morgan Stanley reiterated an "equal weight" rating and set a $23.00 price objective (down from $24.00) on shares of Stevanato Group in a research note on Tuesday, December 3rd. Finally, Bank of America boosted their price objective on shares of Stevanato Group from $24.00 to $26.00 and gave the stock a "buy" rating in a research note on Friday, December 13th.

Stevanato Group Trading Down 5.3 %

STVN stock traded down €1.04 ($1.08) on Wednesday, hitting €18.44 ($19.21). 359,700 shares of the company were exchanged, compared to its average volume of 317,303. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.81 and a quick ratio of 1.21. Stevanato Group has a twelve month low of €16.56 ($17.25) and a twelve month high of €34.00 ($35.42). The business's fifty day moving average is €21.54 and its two-hundred day moving average is €20.54. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 39.23, a price-to-earnings-growth ratio of 7.18 and a beta of 0.56.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in STVN. Van Berkom & Associates Inc. purchased a new position in shares of Stevanato Group in the fourth quarter valued at $39,000. Johnson Financial Group Inc. purchased a new position in shares of Stevanato Group in the fourth quarter valued at $41,000. Wells Fargo & Company MN boosted 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 purchasing an additional 2,830 shares during the period. PNC Financial Services Group Inc. boosted 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 purchasing an additional 5,291 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Stevanato Group by 202.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,413 shares of the company's stock valued at $162,000 after purchasing an additional 4,965 shares during the period.

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.