Analysts fell to the sidelines weighing in on AptarGroup (NYSE:ATR) and Cirrus Logic (NASDAQ:CRUS) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.
AptarGroup (ATR)
In a report released today, Adam Josephson from KeyBanc maintained a Hold rating on AptarGroup. The company’s shares opened today at $97.05.
Josephson commented:
“We are raising our 2019 estimates to reflect the CSP acquisition; otherwise we’re leaving everything the same. ATR has a best-in-class Pharma business and balance sheet, and is a defensive name that would outperform in a downturn; the valuation is what keeps us on the sidelines.”
According to TipRanks.com, Josephson is a 4-star analyst with an average return of 7.4% and a 66.2% success rate. Josephson covers the Consumer Goods sector, focusing on stocks such as International Paper Co, Avery Dennison Corp, and Graphic Packaging.
AptarGroup has an analyst consensus of Hold.
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Cirrus Logic (CRUS)
Needham analyst Rajvindra Gill maintained a Hold rating on Cirrus Logic today. The company’s shares opened today at $38.40, close to its 52-week low of $34.49.
Gill noted:
“We are encouraged with the company’s long-term diversification strategy into audio amplifiers, haptics, voice biometrics and digital headsets. While the last two fiscal years revenue has been primarily contingent on underlying Apple units, we believe FY20 could shape up to be a growth year.”
According to TipRanks.com, Gill is a 5-star analyst with an average return of 14.3% and a 54.8% success rate. Gill covers the Consumer Goods sector, focusing on stocks such as Everspin Technologies Inc, Smart Global Holdings Inc, and Adesto Technologies Corp.
The word on The Street in general, suggests a Hold analyst consensus rating for Cirrus Logic with a $47 average price target, implying a 22.4% upside from current levels. In a report released today, Oppenheimer also assigned a Hold rating to the stock.
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