CJS Securities Initiates Coverage of Stevanato Group (STVN) with Market Outperform Recommendation
Nasdaq Fintel reports that on September 19, 2023, CJS Securities initiated coverage of Stevanato Group (NYSE:STVN) with a Market Outperform recommendation.
Analyst Price Forecast Suggests 15.19% Upside
As of August 31, 2023, the average one-year price target for Stevanato Group is 34.73. The forecasts range from a low of 26.60 to a high of $38.85. The average price target represents an increase of 15.19% from its latest reported closing price of 30.15.
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The projected annual revenue for Stevanato Group is 1,061MM, an increase of 2.94%. The projected annual non-GAAP EPS is 0.56.
What is the Fund Sentiment?
There are 192 funds or institutions reporting positions in Stevanato Group. This is an increase of 12 owner(s) or 6.67% in the last quarter. Average portfolio weight of all funds dedicated to STVN is 0.39%, an increase of 18.07%. Total shares owned by institutions increased in the last three months by 11.95% to 45,486K shares. The put/call ratio of STVN is 9.45, indicating a bearish outlook.