In a report released today, Adam Josephson from KeyBanc maintained a Hold rating on AptarGroup (ATR). The company’s shares closed last Friday at $114.95.
According to TipRanks.com, Josephson is a 3-star analyst with an average return of 3.7% and a 55.2% success rate. Josephson covers the Basic Materials sector, focusing on stocks such as International Paper Co, Berry Global Group, and Graphic Packaging.
Currently, the analyst consensus on AptarGroup is a Moderate Buy with an average price target of $126.20.
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Based on AptarGroup’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $699 million and net profit of $41.84 million. In comparison, last year the company earned revenue of $743 million and had a net profit of $73.92 million.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ATR in relation to earlier this year.
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AptarGroup, Inc. develops manufactures and sales of consumer product dispensing systems. It operates through the following business segments: Beauty & Home, Pharma and Food & Beverage. The Beauty & Home segment primarily sells pumps, aerosol valves and accessories to the personal care and household markets and pumps and decorative components to the fragrance/cosmetic market. The Pharma segment supplies pumps and metered dose inhaler valves to the pharmaceutical market worldwide. The Food & Beverage segment sell dispensing and non-dispensing closures and, to a lesser degree, spray pumps and aerosol valves to the food and beverage markets. The company was founded in 1940 and is headquartered in Crystal Lake, IL.
