Stevanato Group S.p.A. (NYSE:STVN) Receives Average Rating of “Moderate Buy” from Brokerages

Stevanato Group S.p.A. (NYSE:STVN) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company.

STVN has been the topic of a number of recent analyst reports. Stephens reissued an “overweight” rating and issued a $38.00 price target on shares of Stevanato Group in a report on Monday, March 25th. Morgan Stanley reissued an “equal weight” rating and issued a $30.00 target price on shares of Stevanato Group in a research note on Monday, April 22nd. Finally, BNP Paribas began coverage on Stevanato Group in a research report on Monday, April 22nd. They set an “outperform” rating for the company.

Hedge Funds Weigh In On Stevanato Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Natixis Advisors L.P. increased its holdings in Stevanato Group by 1.9% in the 4th quarter. Natixis Advisors L.P. now owns 23,858 shares of the company’s stock worth $651,000 after buying an additional 449 shares in the last quarter. Personal CFO Solutions LLC raised its holdings in shares of Stevanato Group by 4.6% during the fourth quarter. Personal CFO Solutions LLC now owns 12,186 shares of the company’s stock valued at $333,000 after purchasing an additional 534 shares during the last quarter. First Horizon Advisors Inc. lifted its position in Stevanato Group by 14.1% during 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. Fifth Third Bancorp grew its position in Stevanato Group by 23.6% in the 1st quarter. Fifth Third Bancorp now owns 4,956 shares of the company’s stock worth $159,000 after purchasing an additional 947 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Stevanato Group by 54.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,089 shares of the company’s stock valued at $84,000 after buying an additional 1,086 shares during the period.

Stevanato Group Trading Up 3.6 %

NYSE STVN opened at €19.20 ($20.87) on Wednesday. Stevanato Group has a 1-year low of €16.56 ($18.00) and a 1-year high of €36.30 ($39.46). The stock has a 50-day moving average of €20.03 and a 200-day moving average of €26.37. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.92 and a quick ratio of 1.35.

Stevanato Group (NYSE:STVN) last announced its quarterly earnings data on Thursday, May 9th. The company reported €0.09 ($0.10) earnings per share for the quarter, missing the consensus estimate of €0.12 ($0.13) by (€0.03) (($0.03)). Stevanato Group had a net margin of 12.57% and a return on equity of 12.61%. The company had revenue of €256.24 million during the quarter, compared to the consensus estimate of €261.28 million. Research analysts expect that Stevanato Group will post 0.54 earnings per share for the current fiscal year.

Stevanato Group Announces Dividend

The company also recently announced an annual dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, June 4th will be issued a $0.053 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a yield of 0.29%.

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.