KeyBanc analyst Adam Josephson reiterated a Hold rating on AptarGroup (ATR) yesterday. The company’s shares closed yesterday at $117.56.
Josephson wrote:
“We’re assuming 2% adj. EPS growth in both years; 2019 adj. EPS growth has been dragged down by a higher tax rate, but it’s been boosted to a somewhat lesser extent by acquisitions. At over 14x EBITDA and a 2% free cash flow yield on market cap, we don’t see much room for multiple expansion. Reiterate SW rating.”
According to TipRanks.com, Josephson is a 4-star analyst with an average return of 8.2% and a 66.3% 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 Moderate Buy, with a price target consensus of $130, a 10.6% upside from current levels. In a report released yesterday, UBS also maintained a Hold rating on the stock with a $122 price target.
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The company has a one-year high of $126.20 and a one-year low of $88.26. Currently, AptarGroup has an average volume of 261.4K.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock.
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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.
