AptarGroup (NYSE:ATR) Price Target Cut to $160.00 by Analysts at Robert W. Baird

AptarGroup (NYSE:ATR) had its target price lowered by Robert W. Baird from $185.00 to $160.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s price objective indicates a potential upside of 11.69% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Wells Fargo & Company reduced their price target on shares of AptarGroup from $185.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Raymond James initiated coverage on shares of AptarGroup in a research note on Tuesday, January 7th. They set an “outperform” rating and a $200.00 price target for the company. Bank of America downgraded AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective on the stock. in a research note on Monday, January 6th. Jefferies Financial Group raised AptarGroup from a “hold” rating to a “buy” rating and raised their target price for the stock from $155.00 to $215.00 in a research report on Monday, October 14th. Finally, Dbs Bank raised AptarGroup from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. 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’s stock. According to MarketBeat, AptarGroup presently has a consensus rating of “Buy” and an average price target of $185.60.

AptarGroup Price Performance

Shares of NYSE ATR opened at $143.26 on Monday. The company has a market capitalization of $9.53 billion, a PE ratio of 25.86, a PEG ratio of 2.57 and a beta of 0.59. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average price is $159.87 and its 200-day moving average price is $158.94. AptarGroup has a twelve month low of $131.51 and a twelve month high of $178.03.

AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.24. AptarGroup had a return on equity of 15.62% and a net margin of 10.45%. On average, equities analysts anticipate that AptarGroup will post 5.95 EPS for the current year.

Insider Activity

In other AptarGroup news, EVP Kimberly Chainey sold 964 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $168.83, for a total value of $162,752.12. Following the completion of the transaction, the executive vice president now owns 7,848 shares in the company, valued at $1,324,977.84. This trade represents a 10.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On AptarGroup

A number of institutional investors and hedge funds have recently modified their holdings of ATR. Capital Performance Advisors LLP purchased a new position in AptarGroup during the third quarter valued at approximately $25,000. UMB Bank n.a. boosted its holdings in AptarGroup by 446.5% in the 3rd quarter. UMB Bank n.a. now owns 235 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 192 shares during the period. Stonebridge Financial Group LLC purchased a new position in shares of AptarGroup during the 4th quarter valued at $42,000. Huntington National Bank increased its holdings in shares of AptarGroup by 312.0% in the third quarter. Huntington National Bank now owns 342 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 259 shares during the period. Finally, Park Place Capital Corp purchased a new stake in shares of AptarGroup in the fourth quarter worth $67,000. 88.52% of the stock is owned by hedge funds and other 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.