AptarGroup, Inc. (NYSE:ATR) Given Average Rating of “Hold” by Brokerages

Shares of AptarGroup, Inc. (NYSE:ATR) have earned an average recommendation of “Hold” from the seven ratings firms that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $147.00.

A number of research firms recently weighed in on ATR. Deutsche Bank Aktiengesellschaft dropped their price target on shares of AptarGroup from $148.00 to $145.00 and set a “buy” rating for the company in a research note on Monday, December 20th. Zacks Investment Research raised shares of AptarGroup from a “sell” rating to a “hold” rating and set a $129.00 price target for the company in a research note on Monday, January 3rd. William Blair reissued a “market perform” rating on shares of AptarGroup in a research note on Monday, November 1st. Finally, Wells Fargo & Company dropped their price target on shares of AptarGroup from $162.00 to $156.00 and set an “overweight” rating for the company in a research note on Wednesday, December 22nd.

Shares of NYSE ATR opened at $121.18 on Friday. AptarGroup has a 1-year low of $112.37 and a 1-year high of $158.97. The company has a market cap of $7.98 billion, a PE ratio of 34.23, a P/E/G ratio of 4.15 and a beta of 0.68. The company has a current ratio of 1.48, a quick ratio of 1.00 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average of $122.98 and a two-hundred day moving average of $128.39.

AptarGroup (NYSE:ATR) last announced its earnings results on Wednesday, October 27th. The industrial products company reported $0.94 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.94. The company had revenue of $825.44 million during the quarter, compared to the consensus estimate of $810.32 million. AptarGroup had a net margin of 7.58% and a return on equity of 13.52%. The company’s revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 earnings per share. As a group, equities research analysts forecast that AptarGroup will post 3.87 earnings per share for the current year.

Large investors have recently modified their holdings of the business. SouthState Corp bought a new stake in AptarGroup in the third quarter valued at approximately $33,000. JJJ Advisors Inc. increased its stake in AptarGroup by 130.0% in the third quarter. JJJ Advisors Inc. now owns 644 shares of the industrial products company’s stock valued at $77,000 after purchasing an additional 364 shares in the last quarter. Eagle Bay Advisors LLC increased its position in shares of AptarGroup by 24.1% during the third quarter. Eagle Bay Advisors LLC now owns 644 shares of the industrial products company’s stock worth $74,000 after acquiring an additional 125 shares in the last quarter. HM Payson & Co. raised its holdings in shares of AptarGroup by 36.8% during the second quarter. HM Payson & Co. now owns 837 shares of the industrial products company’s stock worth $118,000 after acquiring an additional 225 shares during the period. Finally, TFC Financial Management lifted its position in AptarGroup by 13.9% in the 3rd quarter. TFC Financial Management now owns 1,389 shares of the industrial products company’s stock valued at $166,000 after acquiring an additional 170 shares in the last quarter. 93.28% of the stock is owned by hedge funds and other institutional investors.

About AptarGroup

AptarGroup, Inc develops manufactures and sales of consumer product dispensing systems. It operates through the following business segments: Beauty & Home, Pharma and Food & Beverage. The Beauty & Home segment primarily sells pumps, aerosol valves and accessories to the personal care and household markets and pumps and decorative components to the fragrance/cosmetic market.

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Analyst Recommendations for AptarGroup (NYSE:ATR)

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