When Will Stevanato's Free Cash Flow Turn Positive? This Analyst Has An Answer
Portfolio Pulse from Lekha Gupta
Stephens analyst Jacob Johnson initiated coverage on Stevanato Group SPA (NYSE:STVN) with an Overweight rating and a price target of $33. The analyst sees STVN as an industry leader in the glass containment solutions market and expects its free cash flow (FCF) to turn positive in FY25. Johnson also estimates revenue of €1,098.9 million and adjusted EPS of €0.61 for FY23, and revenue of €1,218.6 million and adjusted EPS of €0.68 for FY24.
September 26, 2023 | 7:49 pm
News sentiment analysis
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POSITIVE IMPACT
Stevanato Group SPA (NYSE:STVN) received an Overweight rating from Stephens analyst Jacob Johnson, who expects the company's FCF to turn positive in FY25. This positive outlook could potentially boost investor confidence and the company's stock price.
The Overweight rating from a reputable analyst indicates a positive outlook for the company's performance. The expectation of positive FCF in FY25 suggests improved financial health, which could attract more investors and drive up the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100