AptarGroup, Inc. (NYSE:ATR) Receives $181.60 Consensus Price Target from Brokerages

AptarGroup, Inc. (NYSE:ATR) has earned an average recommendation of “Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $181.60.

Several brokerages recently issued reports on ATR. Raymond James reiterated an “outperform” rating and issued a $190.00 target price (down from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. Wells Fargo & Company cut their price target on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Robert W. Baird cut their price target on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. StockNews.com lowered shares of AptarGroup from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Bank of America lowered shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price target for the company. in a research report on Monday, January 6th.

Institutional Investors Weigh In On AptarGroup

Institutional investors and hedge funds have recently made changes to their positions in the company. CIBC Asset Management Inc grew its position in AptarGroup by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 1,977 shares of the industrial products company’s stock worth $317,000 after purchasing an additional 68 shares during the period. Smartleaf Asset Management LLC grew its position in shares of AptarGroup by 12.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 650 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 72 shares during the period. Commerce Bank grew its position in shares of AptarGroup by 3.3% during the 3rd quarter. Commerce Bank now owns 2,349 shares of the industrial products company’s stock valued at $376,000 after acquiring an additional 75 shares during the period. Ballentine Partners LLC grew its position in shares of AptarGroup by 2.3% during the 3rd quarter. Ballentine Partners LLC now owns 3,315 shares of the industrial products company’s stock valued at $531,000 after acquiring an additional 76 shares during the period. Finally, Blue Trust Inc. grew its position in shares of AptarGroup by 9.3% during the 4th quarter. Blue Trust Inc. now owns 961 shares of the industrial products company’s stock valued at $154,000 after acquiring an additional 82 shares during the period. Institutional investors own 88.52% of the company’s stock.

AptarGroup Stock Performance

ATR stock opened at $145.66 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. The stock has a 50-day moving average price of $153.52 and a 200-day moving average price of $158.97. The firm has a market cap of $9.69 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59. AptarGroup has a 1-year low of $135.96 and a 1-year high of $178.03.

AptarGroup (NYSE:ATR) last issued its earnings results on Thursday, February 6th. The industrial products company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.28 by $0.24. AptarGroup had a return on equity of 15.56% and a net margin of 10.45%. As a group, equities research analysts expect that AptarGroup will post 5.57 earnings per share for the current year.

AptarGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th were issued a dividend of $0.45 per share. The ex-dividend date was Wednesday, February 5th. This represents a $1.80 annualized dividend and a dividend yield of 1.24%. AptarGroup’s payout ratio is 32.49%.

AptarGroup Company Profile

AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments.