Stevanato Group (NYSE:STVN) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Stevanato Group (NYSE:STVN) from a hold rating to a buy rating in a report published on Friday.

A number of other analysts also recently weighed in on STVN. Morgan Stanley initiated coverage on shares of Stevanato Group in a report on Monday, December 1st. They set an “equal weight” rating and a $24.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Stevanato Group in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Stevanato Group Trading Down 10.1%

STVN opened at €17.22 on Friday. The stock has a market capitalization of $5.21 billion, a price-to-earnings ratio of 30.21, a P/E/G ratio of 1.58 and a beta of 0.58. The company has a quick ratio of 1.30, a current ratio of 1.89 and a debt-to-equity ratio of 0.26. Stevanato Group has a twelve month low of €16.30 and a twelve month high of €28.00. The company has a 50-day simple moving average of €21.14 and a 200 day simple moving average of €23.49.

Institutional Trading of Stevanato Group

A number of hedge funds have recently added to or reduced their stakes in STVN. Ranger Investment Management L.P. increased its holdings in shares of Stevanato Group by 125.6% during the second quarter. Ranger Investment Management L.P. now owns 1,321,030 shares of the company’s stock worth $32,273,000 after buying an additional 735,417 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in Stevanato Group in the 2nd quarter worth about $13,729,000. Champlain Investment Partners LLC raised its position in Stevanato Group by 68.7% in the second quarter. Champlain Investment Partners LLC now owns 1,300,799 shares of the company’s stock valued at $31,779,000 after purchasing an additional 529,950 shares during the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of Stevanato Group by 20.0% during the second quarter. Artisan Partners Limited Partnership now owns 2,733,782 shares of the company’s stock valued at $66,786,000 after purchasing an additional 455,323 shares in the last quarter. Finally, Cooper Investors PTY Ltd. boosted its stake in shares of Stevanato Group by 251.7% during the third quarter. Cooper Investors PTY Ltd. now owns 590,308 shares of the company’s stock valued at $15,200,000 after purchasing an additional 422,478 shares in the last quarter.

About Stevanato Group

Stevanato Group is a global provider of primary packaging solutions and related services for the pharmaceutical and biotech industries. The company specializes in the design, development and manufacturing of glass drug containers such as vials, cartridges and pre-fillable syringes, as well as advanced inspection systems and assembly equipment. Its integrated offerings cover the entire packaging supply chain, from component production to bespoke filling lines and serialization technology.

In addition to its core glass business, Stevanato Group delivers engineering services and process validation support to pharmaceutical customers.