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

Shares of AptarGroup, Inc. (NYSE:ATR - Get Free Report) have been assigned an average recommendation of "Buy" from the seven ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating 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 research firms have recently weighed in on ATR. Robert W. Baird cut their target price on shares of AptarGroup from $185.00 to $160.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Bank of America downgraded shares of AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 price objective for the company. in a research report on Monday, January 6th. Wells Fargo & Company dropped their target price on AptarGroup from $180.00 to $170.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. StockNews.com downgraded AptarGroup from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Raymond James restated an "outperform" rating and issued a $190.00 price objective (down from $200.00) on shares of AptarGroup in a research report on Monday, February 10th.

AptarGroup Stock Down 0.8 %

NYSE ATR traded down $1.13 during trading on Wednesday, hitting $143.87. The company's stock had a trading volume of 390,597 shares, compared to its average volume of 307,523. AptarGroup has a fifty-two week low of $130.85 and a fifty-two week high of $178.03. The company has a market cap of $9.49 billion, a PE ratio of 25.97, a P/E/G ratio of 3.89 and a beta of 0.59. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.38 and a quick ratio of 0.95. The business's 50 day simple moving average is $145.60 and its 200-day simple moving average is $157.14.

AptarGroup (NYSE:ATR - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.28 by $0.24. AptarGroup had a net margin of 10.45% and a return on equity of 15.56%. On average, equities analysts anticipate that AptarGroup will post 5.57 EPS for the current fiscal year.

AptarGroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 1st will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.25%. AptarGroup's payout ratio is currently 32.49%.

Institutional Investors Weigh In On AptarGroup

Several institutional investors have recently added to or reduced their stakes in ATR. MassMutual Private Wealth & Trust FSB boosted its stake in AptarGroup by 155.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 278 shares of the industrial products company's stock valued at $41,000 after acquiring an additional 169 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of AptarGroup in the 4th quarter valued at about $42,000. Park Place Capital Corp purchased a new position in AptarGroup during the 4th quarter worth approximately $67,000. Principal Securities Inc. increased its position in AptarGroup by 328.4% during the fourth quarter. Principal Securities Inc. now owns 437 shares of the industrial products company's stock worth $69,000 after buying an additional 335 shares during the period. Finally, Huntington National Bank lifted its stake in AptarGroup by 35.1% in the fourth quarter. Huntington National Bank now owns 462 shares of the industrial products company's stock valued at $73,000 after buying an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 88.52% of the company's stock.

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.