Brokerages Set AptarGroup, Inc. (NYSE:ATR) Target Price at $181.60

Shares of AptarGroup, Inc. (NYSE:ATR) have been assigned a consensus rating of “Buy” from the seven research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $181.60.

ATR has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price objective on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Bank of America downgraded shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 target price for the company. in a research report on Monday, January 6th. Robert W. Baird lowered their target price on AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Raymond James reaffirmed an “outperform” rating and issued a $190.00 price target (down previously from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. Finally, StockNews.com lowered AptarGroup from a “buy” rating to a “hold” rating in a report on Monday, February 10th.

Institutional Trading of AptarGroup

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its position in shares of AptarGroup by 5.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,388 shares of the industrial products company’s stock valued at $1,475,000 after acquiring an additional 479 shares during the period. Menard Financial Group LLC acquired a new position in AptarGroup during the 4th quarter valued at $111,000. Jefferies Financial Group Inc. acquired a new position in AptarGroup during the 4th quarter valued at $1,705,000. Ascent Group LLC boosted its holdings in AptarGroup by 88.3% in the 4th quarter. Ascent Group LLC now owns 4,105 shares of the industrial products company’s stock valued at $645,000 after purchasing an additional 1,925 shares during the period. Finally, Mackenzie Financial Corp grew its position in AptarGroup by 412.4% in the 4th quarter. Mackenzie Financial Corp now owns 19,260 shares of the industrial products company’s stock worth $3,026,000 after purchasing an additional 15,501 shares during the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

AptarGroup Price Performance

Shares of NYSE:ATR opened at $147.95 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38. AptarGroup has a one year low of $135.96 and a one year high of $178.03. The company has a market capitalization of $9.84 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 3.89 and a beta of 0.56. The stock has a fifty day moving average of $150.31 and a 200-day moving average of $158.82.

AptarGroup (NYSE:ATR) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.52 EPS for the quarter, beating 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%. As a group, equities analysts anticipate that AptarGroup will post 5.57 EPS for the current fiscal year.

AptarGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 5th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $1.80 annualized dividend and a dividend yield of 1.22%. AptarGroup’s dividend payout ratio is presently 32.49%.

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.