AptarGroup PT Raised to $67.00 at Macquarie (ATR)
Stock analysts at Macquarie upped their target price on shares of AptarGroup (NYSE:ATR) from $64.00 to $67.00 in a report issued on Monday, American Banking News.com reports. Macquarie’s price objective points to a potential upside of 0.48% from the stock’s previous close.
Shares of AptarGroup (NYSE:ATR) traded down 0.76% during mid-day trading on Monday, hitting $66.68. 193,535 shares of the company’s stock traded hands. AptarGroup has a one year low of $54.13 and a one year high of $68.78. The stock’s 50-day moving average is $65.8 and its 200-day moving average is $65.08. The company has a market cap of $4.365 billion and a price-to-earnings ratio of 25.45.
AptarGroup (NYSE:ATR) last released its earnings data on Thursday, April 24th. The company reported $0.71 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.68 by $0.03. The company had revenue of $676.05 million for the quarter, compared to the consensus estimate of $657.82 million. During the same quarter last year, the company posted $0.64 earnings per share. AptarGroup’s revenue was up 9.5% compared to the same quarter last year. On average, analysts predict that AptarGroup will post $3.04 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, May 21st. Investors of record on Wednesday, April 30th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Monday, April 28th. This is an increase from AptarGroup’s previous quarterly dividend of $0.25.
In other AptarGroup news, CEO Stephen Hagge unloaded 20,000 shares of AptarGroup stock on the open market in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $66.75, for a total transaction of $1,335,000.00. Following the transaction, the chief executive officer now directly owns 58,381 shares in the company, valued at approximately $3,896,932. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of AptarGroup in a research note on Tuesday, March 25th. They now have a $67.00 price target on the stock.
AptarGroup, Inc, is a global solution provider of a range of packaging delivery solutions primarily for the beauty, personal care, home care, pharmaceutical, food and beverage markets.
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