AptarGroup, Inc. (NYSE:ATR) Receives $181.60 Average Target Price from Analysts

AptarGroup, Inc. (NYSE:ATR) has earned an average recommendation of “Buy” from the seven brokerages that are currently covering the company, 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 1-year price target among analysts that have updated their coverage on the stock in the last year is $181.60.

ATR has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Raymond James reissued an “outperform” rating and issued a $190.00 target price (down previously from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. Robert W. Baird dropped their price target on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. StockNews.com downgraded shares of AptarGroup from a “buy” rating to a “hold” rating in a research note 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 objective for the company. in a report on Monday, January 6th.

AptarGroup Stock Performance

NYSE:ATR opened at $146.47 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.38 and a debt-to-equity ratio of 0.28. The company has a market cap of $9.74 billion, a P/E ratio of 26.44, a P/E/G ratio of 3.89 and a beta of 0.59. AptarGroup has a fifty-two week low of $135.96 and a fifty-two week high of $178.03. The firm’s 50 day moving average is $152.78 and its two-hundred day moving average is $159.10.

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

AptarGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Wednesday, February 5th. AptarGroup’s dividend payout ratio (DPR) is presently 32.49%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Capital Performance Advisors LLP acquired a new position in shares of AptarGroup in the 3rd quarter valued at about $25,000. Stonebridge Financial Group LLC bought a new stake in AptarGroup in the 4th quarter valued at about $42,000. Huntington National Bank lifted its position in AptarGroup by 312.0% in the 3rd quarter. Huntington National Bank now owns 342 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 259 shares during the last quarter. Park Place Capital Corp bought a new stake in AptarGroup in the 4th quarter valued at about $67,000. Finally, Principal Securities Inc. lifted its position in AptarGroup by 328.4% in the 4th quarter. Principal Securities Inc. now owns 437 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 335 shares during the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

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.