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

AptarGroup, Inc. (NYSE:ATR) has earned a consensus rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $143.00.

ATR has been the topic of a number of research analyst reports. William Blair reiterated a “market perform” rating on shares of AptarGroup in a research note on Monday, November 1st. Zacks Investment Research upgraded shares of AptarGroup from a “sell” rating to a “hold” rating and set a $129.00 price objective on the stock in a research note on Monday, January 3rd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of AptarGroup from $148.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, December 20th. Wells Fargo & Company lowered their price objective on shares of AptarGroup from $162.00 to $156.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 22nd. Finally, Morgan Stanley lowered their price objective on shares of AptarGroup from $150.00 to $126.00 and set an “equal weight” rating on the stock in a research note on Thursday.

A number of institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. boosted its stake in AptarGroup by 3.5% in the 3rd quarter. Franklin Resources Inc. now owns 2,312 shares of the industrial products company’s stock worth $277,000 after purchasing an additional 79 shares during the period. TrinityPoint Wealth LLC boosted its stake in AptarGroup by 2.3% in the 3rd quarter. TrinityPoint Wealth LLC now owns 3,652 shares of the industrial products company’s stock worth $436,000 after purchasing an additional 83 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in AptarGroup by 0.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 9,448 shares of the industrial products company’s stock worth $1,128,000 after purchasing an additional 84 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in AptarGroup by 6.9% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,450 shares of the industrial products company’s stock worth $204,000 after purchasing an additional 93 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its stake in AptarGroup by 0.4% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 22,149 shares of the industrial products company’s stock worth $2,643,000 after purchasing an additional 93 shares during the period. Hedge funds and other institutional investors own 93.28% of the company’s stock.

Shares of NYSE:ATR traded down $2.45 during trading hours on Friday, hitting $116.38. The stock had a trading volume of 351,834 shares, compared to its average volume of 268,124. The stock’s fifty day simple moving average is $121.91 and its 200 day simple moving average is $127.54. AptarGroup has a 1-year low of $112.37 and a 1-year high of $158.97. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 32.88, a PEG ratio of 4.12 and a beta of 0.68. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.00 and a current ratio of 1.48.

AptarGroup (NYSE:ATR) last announced its quarterly earnings results on Wednesday, October 27th. The industrial products company reported $0.94 EPS for the quarter, meeting the consensus estimate of $0.94. AptarGroup had a net margin of 7.58% and a return on equity of 13.52%. The company had revenue of $825.44 million for the quarter, compared to analyst estimates of $810.32 million. During the same quarter last year, the business earned $1.00 earnings per share. AptarGroup’s revenue was up 8.7% compared to the same quarter last year. As a group, research analysts anticipate that AptarGroup will post 3.87 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 23rd. Shareholders of record on Thursday, February 3rd will be given a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, February 2nd. This represents a $1.52 annualized dividend and a yield of 1.31%. AptarGroup’s dividend payout ratio (DPR) is 42.94%.

AptarGroup Company Profile

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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