AptarGroup Receives a Hold from Jefferies

By Carrie Williams

Jefferies analyst Justin Jordan reiterated a Hold rating on AptarGroup (NYSE: ATR) yesterday and set a price target of $77. The company’s shares closed yesterday at $85.69, close to its 52-week high of $87.09.

According to TipRanks.com, Jordan is a 5-star analyst with an average return of 52.1% and a 82.6% success rate. Jordan covers the Services sector, focusing on stocks such as United Rentals, Herc Holdings, and Neff Corp.

Currently, the analyst consensus on AptarGroup is Hold and the average price target is $78, representing a -9.0% downside.

In a report issued on May 26, BMO Capital also reiterated a Hold rating on the stock with a $79 price target.

AptarGroup’s market cap is currently $5.36B and has a P/E ratio of 25.89. The company has a book value ratio of 4.3179.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Stephen Hagge, the President & CEO of ATR sold 25,000 shares for a total of $2,148,943.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

AptarGroup, Inc. develops, manufactures and sales of consumer product dispensing systems. It operates through the following segments : Beauty and Home, Pharma, and Food and Beverage. The Beauty and 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 (MDI’s) to the pharmaceutical market worldwide. The Food and 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.