Stevanato Group (NYSE:STVN) Stock Price Up 1.5% – Still a Buy?

Shares of Stevanato Group S.p.A. (NYSE:STVN) rose 1.5% during mid-day trading on Wednesday . The stock traded as high as €21.80 ($22.95) and last traded at €21.62 ($22.76). Approximately 37,826 shares changed hands during trading, a decline of 92% from the average daily volume of 500,026 shares. The stock had previously closed at €21.30 ($22.42).

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reissued an “equal weight” rating and issued a $23.00 price target (down previously from $24.00) on shares of Stevanato Group in a research note on Tuesday, December 3rd.

Stevanato Group Trading Up 2.1 %

The company has a market cap of $6.43 billion, a PE ratio of 45.91, a price-to-earnings-growth ratio of 9.22 and a beta of 0.59. The company’s 50 day simple moving average is €19.49 and its two-hundred day simple moving average is €19.61. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.81 and a quick ratio of 1.21.

Stevanato Group (NYSE:STVN) last released its quarterly earnings results on Tuesday, November 5th. The company reported €0.12 ($0.13) EPS for the quarter, missing the consensus estimate of €0.13 ($0.14) by (€0.01) (($0.01)). Stevanato Group had a return on equity of 9.86% and a net margin of 10.47%. The firm had revenue of €277.90 million for the quarter, compared to analysts’ expectations of €274.36 million. During the same quarter in the prior year, the business earned $0.16 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Stevanato Group S.p.A. will post 0.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Stevanato Group

Several institutional investors have recently modified their holdings of the business. Hardy Reed LLC increased its stake in shares of Stevanato Group by 8.2% during the third quarter. Hardy Reed LLC now owns 11,077 shares of the company’s stock worth $222,000 after buying an additional 840 shares during the period. Lindenwold Advisors INC increased its position in shares of Stevanato Group by 13.5% in the 3rd quarter. Lindenwold Advisors INC now owns 11,930 shares of the company’s stock valued at $239,000 after purchasing an additional 1,415 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Stevanato Group by 12.7% in the 3rd quarter. Captrust Financial Advisors now owns 13,100 shares of the company’s stock valued at $262,000 after purchasing an additional 1,480 shares in the last quarter. Raymond James Trust N.A. lifted its position in shares of Stevanato Group by 18.7% during the 2nd quarter. Raymond James Trust N.A. now owns 10,239 shares of the company’s stock worth $188,000 after purchasing an additional 1,613 shares during the last quarter. Finally, First Bank & Trust grew its stake in shares of Stevanato Group by 29.1% during the third quarter. First Bank & Trust now owns 14,109 shares of the company’s stock worth $282,000 after purchasing an additional 3,182 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.