Stevanato Group (NYSE:STVN) Sees Strong Trading Volume – What’s Next?

by · The Markets Daily

Stevanato Group S.p.A. (NYSE:STVN – Get Free Report) saw an uptick in trading volume on Tuesday . 275,600 shares were traded during mid-day trading, a decline of 20% from the previous session’s volume of 343,347 shares.The stock last traded at €20.50 and had previously closed at €20.53.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on STVN. Morgan Stanley began coverage on shares of Stevanato Group in a report on Monday, December 1st. They issued an “equal weight” rating and a $24.00 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Stevanato Group in a research note on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Check Out Our Latest Analysis on Stevanato Group

Stevanato Group Stock Up 1.9%

The company has a debt-to-equity ratio of 0.26, a current ratio of 1.89 and a quick ratio of 1.30. The stock’s fifty day simple moving average is €23.28 and its 200-day simple moving average is €24.13. The stock has a market cap of $6.34 billion, a P/E ratio of 36.68, a PEG ratio of 2.03 and a beta of 0.57.

Institutional Investors Weigh In On Stevanato Group

A number of hedge funds have recently added to or reduced their stakes in STVN. First Horizon Advisors Inc. raised its position in shares of Stevanato Group by 14.9% during the second quarter. First Horizon Advisors Inc. now owns 3,833 shares of the company’s stock worth $94,000 after purchasing an additional 497 shares during the period. Hancock Whitney Corp boosted its stake in Stevanato Group by 4.8% in the 1st quarter. Hancock Whitney Corp now owns 11,482 shares of the company’s stock worth $234,000 after purchasing an additional 528 shares during the period. PNC Financial Services Group Inc. grew its position in Stevanato Group by 7.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,893 shares of the company’s stock worth $242,000 after purchasing an additional 711 shares in the last quarter. First Bank & Trust boosted its position in shares of Stevanato Group by 6.2% in the second quarter. First Bank & Trust now owns 16,142 shares of the company’s stock worth $394,000 after buying an additional 944 shares during the period. Finally, Pathstone Holdings LLC lifted its stake in Stevanato Group by 1.5% in the 3rd quarter. Pathstone Holdings LLC now owns 71,178 shares of the company’s stock worth $1,833,000 after acquiring an additional 1,067 shares in the last quarter.

About Stevanato Group

(Get Free Report)

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.

See Also