AptarGroup, Inc. (ATR) Upgraded to “Hold” at Zacks Investment Research

AptarGroup, Inc. (NYSE:ATR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “For third-quarter 2017, AptarGroup expects earnings to be in the range of 77–97 cents, the mid-point of the guidance reflects 4.8% improvement year over year. Its focus on execution of growth strategy will help customers to grow their businesses with innovative dispensing solutions. The company has implemented a commercial excellence program to boost sales and marketing capability in its Beauty + Home segment. Further its Pharma segment continues to benefit from strong demand across its portfolio of devices. However, AptarGroup continues to face headwinds in Brazil due to the tough economic situation. Its business in China also remains at risk due to the recent record heat wave near Shanghai resulting in energy restrictions. Additional interest expense, higher raw material costs and foreign exchange volatility will also hurt results. AptarGroup underperformed the industry’s performance over the past year.”

ATR has been the subject of a number of other reports. Deutsche Bank AG restated a “buy” rating and issued a $90.00 price target (up from $87.00) on shares of AptarGroup in a research report on Tuesday, July 18th. Vertical Group downgraded AptarGroup from a “hold” rating to a “sell” rating and raised their price target for the stock from $68.00 to $70.00 in a research report on Tuesday, May 2nd. Vertical Research downgraded AptarGroup from a “hold” rating to a “sell” rating in a research report on Monday, May 1st. BMO Capital Markets restated a “hold” rating and issued a $92.00 price target on shares of AptarGroup in a research report on Thursday, July 20th. Finally, BidaskClub downgraded AptarGroup from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $81.83.

Shares of AptarGroup (NYSE ATR) traded down 0.28% during mid-day trading on Wednesday, hitting $81.89. 74,933 shares of the stock were exchanged. AptarGroup has a 52 week low of $70.32 and a 52 week high of $90.79. The stock’s 50-day moving average is $85.59 and its 200-day moving average is $81.17. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 24.09 and a beta of 0.96.

AptarGroup (NYSE:ATR) last posted its earnings results on Thursday, July 27th. The industrial products company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.05. The firm had revenue of $617.75 million during the quarter, compared to analyst estimates of $624.74 million. AptarGroup had a net margin of 9.36% and a return on equity of 16.91%. AptarGroup’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the firm posted $0.91 earnings per share. Analysts forecast that AptarGroup will post $3.34 earnings per share for the current fiscal year.

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In other AptarGroup news, Director King W. Harris sold 14,000 shares of AptarGroup stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $85.43, for a total value of $1,196,020.00. Following the transaction, the director now owns 189,974 shares in the company, valued at $16,229,478.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gael Touya sold 35,000 shares of AptarGroup stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $81.25, for a total value of $2,843,750.00. Following the completion of the transaction, the insider now owns 33,092 shares in the company, valued at approximately $2,688,725. The disclosure for this sale can be found here. Insiders sold 74,000 shares of company stock valued at $6,189,020 over the last 90 days. 5.30% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. Toronto Dominion Bank raised its position in AptarGroup by 1.7% in the first quarter. Toronto Dominion Bank now owns 1,771 shares of the industrial products company’s stock valued at $137,000 after buying an additional 30 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in AptarGroup by 16.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,314 shares of the industrial products company’s stock valued at $178,000 after buying an additional 335 shares during the period. Independent Portfolio Consultants Inc. raised its position in AptarGroup by 11.5% in the first quarter. Independent Portfolio Consultants Inc. now owns 2,330 shares of the industrial products company’s stock valued at $179,000 after buying an additional 240 shares during the period. Huntington National Bank raised its position in AptarGroup by 4.7% in the first quarter. Huntington National Bank now owns 2,621 shares of the industrial products company’s stock valued at $202,000 after buying an additional 117 shares during the period. Finally, Thompson Investment Management Inc. bought a new position in AptarGroup during the first quarter valued at about $204,000. Institutional investors own 90.49% of the company’s stock.

AptarGroup Company Profile

AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, homecare, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located throughout the world, including North America, Europe, Asia and South America.

Analyst Recommendations for AptarGroup (NYSE:ATR)

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