Stevanato Group (NYSE:STVN) Research Coverage Started at BNP Paribas

BNP Paribas began coverage on shares of Stevanato Group (NYSE:STVN) in a report issued on Monday, Marketbeat.com reports. The firm issued an outperform rating on the stock.

Separately, Stephens reaffirmed an overweight rating and issued a $38.00 price target on shares of Stevanato Group in a research note on Monday, March 25th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Stevanato Group presently has a consensus rating of Moderate Buy and a consensus target price of €33.63 ($35.77).

Stevanato Group Price Performance

Shares of STVN stock opened at €27.52 ($29.28) on Monday. Stevanato Group has a 1-year low of €23.00 ($24.47) and a 1-year high of €36.30 ($38.62). The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.23. The stock has a 50 day simple moving average of €30.08 and a 200-day simple moving average of €29.45.

Stevanato Group (NYSE:STVN) last released its earnings results on Thursday, March 7th. The company reported €0.18 ($0.19) EPS for the quarter, missing analysts’ consensus estimates of €0.19 ($0.20) by (€0.01) (($0.01)). Stevanato Group had a return on equity of 14.31% and a net margin of 13.43%. The company had revenue of €320.60 million for the quarter, compared to analysts’ expectations of €326.85 million. During the same period in the prior year, the firm earned $0.19 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, equities research analysts anticipate that Stevanato Group will post 0.67 earnings per share for the current year.

Institutional Investors Weigh In On Stevanato Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. SRS Capital Advisors Inc. increased its holdings in shares of Stevanato Group by 327.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,593 shares of the company’s stock worth $43,000 after buying an additional 1,220 shares during the last quarter. PNC Financial Services Group Inc. purchased a new position in Stevanato Group in the third quarter worth approximately $60,000. Fifth Third Bancorp increased its stake in Stevanato Group by 70.1% during the third quarter. Fifth Third Bancorp now owns 2,473 shares of the company’s stock worth $73,000 after acquiring an additional 1,019 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Stevanato Group during the third quarter worth $115,000. Finally, First Horizon Advisors Inc. raised its position in Stevanato Group by 14.1% in the fourth quarter. First Horizon Advisors Inc. now owns 5,311 shares of the company’s stock valued at $145,000 after purchasing an additional 657 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.