Raymond James Cuts AptarGroup (NYSE:ATR) Price Target to $175.00

AptarGroup (NYSE:ATR - Get Free Report) had its price target dropped by stock analysts at Raymond James from $190.00 to $175.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the industrial products company's stock. Raymond James' price target indicates a potential upside of 17.32% from the stock's previous close.

Several other research analysts have also recently weighed in on ATR. 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. Wells Fargo & Company lowered 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. Bank of America cut 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. Finally, StockNews.com downgraded AptarGroup from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, AptarGroup presently has an average rating of "Moderate Buy" and a consensus target price of $178.60.

AptarGroup Stock Performance

ATR stock traded down $2.29 on Tuesday, hitting $149.17. The company had a trading volume of 220,485 shares, compared to its average volume of 304,440. The stock has a market cap of $9.84 billion, a price-to-earnings ratio of 26.93, a P/E/G ratio of 3.89 and a beta of 0.59. 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's 50-day simple moving average is $145.94 and its 200 day simple moving average is $156.75. AptarGroup has a 12-month low of $130.85 and a 12-month high of $178.03.

AptarGroup (NYSE:ATR - Get Free Report) last issued 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 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 fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stonebridge Financial Group LLC purchased a new position in shares of AptarGroup in the fourth quarter worth $42,000. MassMutual Private Wealth & Trust FSB lifted its stake in AptarGroup by 155.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 278 shares of the industrial products company's stock worth $41,000 after purchasing an additional 169 shares in the last quarter. Park Place Capital Corp bought a new position in shares of AptarGroup during the 4th quarter valued at about $67,000. Principal Securities Inc. boosted its holdings in shares of AptarGroup by 328.4% during 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. Finally, Huntington National Bank grew its position in shares of AptarGroup by 35.1% during the fourth quarter. Huntington National Bank now owns 462 shares of the industrial products company's stock valued at $73,000 after purchasing an additional 120 shares in the last quarter. 88.52% of the stock is currently owned by institutional investors.

About AptarGroup

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.