AptarGroup (NYSE:ATR) Price Target Raised to $122.00

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AptarGroup (NYSE:ATR) had its price target lifted by UBS Group from $115.00 to $122.00 in a research note published on Thursday, BenzingaRatingsTable reports. The brokerage currently has a neutral rating on the industrial products company’s stock.

A number of other brokerages also recently issued reports on ATR. Bank of America reissued an underperform rating and issued a $100.00 price target (up from $87.00) on shares of AptarGroup in a report on Friday, April 5th. Morgan Stanley initiated coverage on AptarGroup in a report on Monday, July 8th. They issued an overweight rating and a $144.00 price objective for the company. Deutsche Bank reaffirmed a buy rating and set a $124.00 price target on shares of AptarGroup in a research note on Thursday, May 2nd. Finally, Zacks Investment Research raised AptarGroup from a sell rating to a hold rating in a research note on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $121.00.

Shares of ATR stock opened at $118.02 on Thursday. AptarGroup has a one year low of $88.26 and a one year high of $126.19. The company’s 50-day moving average price is $122.50. The stock has a market cap of $7.46 billion, a P/E ratio of 29.51, a price-to-earnings-growth ratio of 2.62 and a beta of 0.76. The company has a quick ratio of 1.51, a current ratio of 2.11 and a debt-to-equity ratio of 0.73.

AptarGroup (NYSE:ATR) last posted its earnings results on Wednesday, July 31st. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.02. The business had revenue of $742.66 million for the quarter, compared to analysts’ expectations of $752.11 million. AptarGroup had a net margin of 7.63% and a return on equity of 18.51%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 EPS. As a group, analysts anticipate that AptarGroup will post 4.3 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, July 31st will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Tuesday, July 30th. AptarGroup’s payout ratio is currently 36.00%.

In other news, insider Marc Prieur sold 2,000 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $121.27, for a total transaction of $242,540.00. Following the completion of the sale, the insider now owns 5,760 shares in the company, valued at approximately $698,515.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gael Touya sold 10,000 shares of the stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $119.93, for a total value of $1,199,300.00. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Cullen Frost Bankers Inc. acquired a new stake in shares of AptarGroup in the second quarter valued at approximately $44,000. Ellis Investment Partners LLC acquired a new position in AptarGroup in the 1st quarter valued at about $77,000. Hilton Capital Management LLC acquired a new position in AptarGroup in the 1st quarter valued at about $132,000. ETF Managers Group LLC grew its stake in AptarGroup by 10.8% in the 1st quarter. ETF Managers Group LLC now owns 1,609 shares of the industrial products company’s stock valued at $171,000 after buying an additional 157 shares during the last quarter. Finally, NEXT Financial Group Inc acquired a new position in shares of AptarGroup during the 2nd quarter worth approximately $178,000. Institutional investors own 89.57% of the company’s stock.

AptarGroup Company Profile

AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Beauty + Home, Pharma, and Food + Beverage.

Further Reading: Quick Ratio

Analyst Recommendations for AptarGroup (NYSE:ATR)

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