Stevanato Group (NYSE:STVN) Research Coverage Started at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft started coverage on shares of Stevanato Group (NYSE:STVN – Free Report) in a research note published on Wednesday, Marketbeat.com reports. The brokerage issued a hold rating on the stock.

Several other equities analysts have also recently issued reports on the company. TD Cowen raised Stevanato Group to a “strong-buy” rating in a research report on Wednesday, June 17th. Weiss Ratings raised Stevanato Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 27th. Finally, UBS Group began coverage on Stevanato Group in a research note on Wednesday, September 9th. They issued a “neutral” rating and a $23.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Read Our Latest Stock Report on STVN

Stevanato Group Stock Up 1.1%

Shares of Stevanato Group stock opened at €19.42 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.08 and a current ratio of 1.61. The stock has a market capitalization of $5.88 billion, a PE ratio of 34.68, a price-to-earnings-growth ratio of 1.57 and a beta of 0.78. Stevanato Group has a 52-week low of €12.89 and a 52-week high of €27.99. The company has a 50-day simple moving average of €21.06 and a two-hundred day simple moving average of €18.62.

Stevanato Group (NYSE:STVN – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported €0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of €0.15 by (€0.01). The firm had revenue of €302.00 million during the quarter. Stevanato Group had a return on equity of 10.43% and a net margin of 10.99%. On average, analysts anticipate that Stevanato Group will post 0.69 EPS for the current fiscal year.

Insider Activity at Stevanato Group

In other news, CFO Marco Dal Lago sold 4,209 shares of Stevanato Group stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of €20.09, for a total value of €84,558.81. Following the completion of the sale, the chief financial officer directly owned 81,144 shares in the company, valued at €1,630,182.96. The trade was a 4.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Mauro Stocchi sold 13,649 shares of the business’s stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of €21.50, for a total transaction of €293,453.50. Following the transaction, the insider directly owned 400,000 shares of the company’s stock, valued at €8,600,000. The trade was a 3.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 21,926 shares of company stock valued at $459,738. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Stevanato Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Fifth Third Bancorp lifted its stake in shares of Stevanato Group by 22.6% in the 1st quarter. Fifth Third Bancorp now owns 4,196 shares of the company’s stock worth $58,000 after purchasing an additional 773 shares during the period. Integrated Wealth Concepts LLC bought a new stake in Stevanato Group during the second quarter valued at approximately $59,000. Hardy Reed LLC bought a new stake in Stevanato Group during the first quarter valued at approximately $147,000. Diversify Wealth Management LLC increased its holdings in Stevanato Group by 23.9% during the first quarter. Diversify Wealth Management LLC now owns 18,353 shares of the company’s stock valued at $252,000 after buying an additional 3,543 shares during the last quarter. Finally, First Bank & Trust increased its holdings in Stevanato Group by 3.4% during the second quarter. First Bank & Trust now owns 18,417 shares of the company’s stock valued at $333,000 after buying an additional 603 shares during the last quarter.

Stevanato Group Company Profile

(Get Free Report)

Stevanato Group S.p.A. is an Italy-based provider of drug-containment, drug-delivery and diagnostic solutions for the pharmaceutical, biotechnology and healthcare industries. The company serves customers across the development, production and administration of injectable medicines, with activities spanning pharmaceutical glass packaging, medical devices and manufacturing technologies.

Its product portfolio includes glass vials, cartridges, syringes and other primary containers, as well as ready-to-use packaging solutions such as EZ-fill.

Further Reading

Analyst Recommendations for Stevanato Group (NYSE:STVN)

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