Wells Fargo & Company Issues Pessimistic Forecast for AptarGroup (NYSE:ATR) Stock Price

AptarGroup (NYSE:ATR) had its target price dropped by analysts at Wells Fargo & Company from $180.00 to $170.00 in a report released on Monday,Benzinga reports. The firm presently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 19.34% from the company’s previous close.

ATR has been the subject of a number of other reports. Robert W. Baird decreased their target price on AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday. Dbs Bank upgraded AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Jefferies Financial Group upgraded AptarGroup from a “hold” rating to a “buy” rating and increased their price objective for the stock from $155.00 to $215.00 in a report on Monday, October 14th. Bank of America downgraded AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price target for the company. in a research note on Monday, January 6th. Finally, Raymond James started coverage on AptarGroup in a research note on Tuesday, January 7th. They issued an “outperform” rating and a $200.00 price target for the company. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $183.60.

AptarGroup Trading Down 0.5 %

Shares of ATR stock traded down $0.73 on Monday, reaching $142.45. 75,664 shares of the stock were exchanged, compared to its average volume of 334,217. The stock has a market cap of $9.48 billion, a PE ratio of 25.65, a P/E/G ratio of 2.57 and a beta of 0.59. AptarGroup has a one year low of $134.57 and a one year high of $178.03. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.62 and a quick ratio of 1.15. The stock has a 50 day moving average price of $159.87 and a 200 day moving average price of $158.94.

AptarGroup (NYSE:ATR) last released 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 return on equity of 15.62% and a net margin of 10.45%. Equities research analysts forecast that AptarGroup will post 5.95 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Investors Weigh In On AptarGroup

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