AptarGroup Research Coverage Started at BMO Capital Markets (ATR)
Equities research analysts at BMO Capital Markets assumed coverage on shares of AptarGroup (NYSE:ATR) in a research note issued to investors on Wednesday. The firm set an “outperform” rating and a $72.00 price target on the stock. BMO Capital Markets’ price objective indicates a potential upside of 12.20% from the stock’s previous close.
AptarGroup (NYSE:ATR) traded down 0.57% on Wednesday, hitting $64.17. The stock had a trading volume of 140,936 shares. AptarGroup has a 1-year low of $57.40 and a 1-year high of $68.78. The stock’s 50-day moving average is $63.50 and its 200-day moving average is $65.36. The company has a market cap of $4.182 billion and a P/E ratio of 23.90.
AptarGroup (NYSE:ATR) last issued its quarterly earnings data on Monday, July 21st. The company reported $0.79 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.82 by $0.03. The company had revenue of $670.60 million for the quarter, compared to the consensus estimate of $683.94 million. During the same quarter last year, the company posted $0.77 earnings per share. AptarGroup’s revenue was up 4.6% compared to the same quarter last year. On average, analysts predict that AptarGroup will post $2.98 earnings per share for the current fiscal year.
A number of other firms have also recently commented on ATR. Analysts at Zacks reiterated a “neutral” rating on shares of AptarGroup in a research note on Wednesday, July 23rd. They now have a $67.00 price target on the stock. Analysts at Bank of America downgraded shares of AptarGroup from a “neutral” rating to an “underperform” rating in a research note on Friday, June 13th. They now have a $70.00 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $68.50.
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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