AptarGroup Downgraded to “Underperform” at Bank of America (ATR)
AptarGroup (NYSE:ATR) was downgraded by investment analysts at Bank of America from a “neutral” rating to an “underperform” rating in a note issued to investors on Friday. They currently have a $70.00 price target on the stock. Bank of America’s target price points to a potential upside of 5.90% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie raised their price target on shares of AptarGroup from $64.00 to $67.00 in a research note on Monday, April 28th. 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $67.80.
AptarGroup (NYSE:ATR) opened at 66.10 on Friday. AptarGroup has a 52 week low of $54.13 and a 52 week high of $68.78. The stock has a 50-day moving average of $66.59 and a 200-day moving average of $65.62. The company has a market cap of $4.326 billion and a P/E ratio of 25.23.
AptarGroup (NYSE:ATR) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, analysts predict that AptarGroup will post $3.04 earnings per share for the current fiscal year.
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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