Stevanato Group (NYSE:STVN) Earns Outperform Rating from Analysts at BNP Paribas

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

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

Stevanato Group Stock Up 0.8 %

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

Stevanato Group (NYSE:STVN) last posted its quarterly earnings results on Thursday, March 7th. The company reported €0.18 ($0.19) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of €320.60 million during the quarter, compared to the consensus estimate of €326.85 million. During the same period in the prior year, the firm earned $0.19 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, research analysts forecast that Stevanato Group will post 0.67 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in STVN. SRS Capital Advisors Inc. grew 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 acquiring an additional 1,220 shares during the period. PNC Financial Services Group Inc. purchased a new stake in Stevanato Group in the third quarter worth $60,000. Fifth Third Bancorp raised its holdings in Stevanato Group by 70.1% in the third quarter. Fifth Third Bancorp now owns 2,473 shares of the company’s stock worth $73,000 after purchasing an additional 1,019 shares in the last quarter. Quantbot Technologies LP purchased a new position in Stevanato Group during the third quarter valued at $115,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Stevanato Group by 14.1% during the 4th quarter. First Horizon Advisors Inc. now owns 5,311 shares of the company’s stock valued at $145,000 after buying an additional 657 shares in the last quarter.

About Stevanato Group

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.