AptarGroup Gets a Hold Rating from KeyBanc

By Austin Angelo

In a report released today, Adam Josephson from KeyBanc reiterated a Hold rating on AptarGroup (NYSE: ATR). The company’s shares opened today at $86.83, close to its 52-week high of $87.94.

Josephson observed:

“We are increasing our 2017 estimates for AptarGroup (ATR) to account for the strength in the euro during 2Q17; as a reminder, we recently raised our estimates for Sealed Air and Avery Dennison on account of FX and resin. The company’s 2Q17 guidance had assumed a $1.07 euro rate, but the euro has since appreciated to $1.12, and we calculate the average rate in the quarter will be ~$1.10. As a reminder, we estimate that a 10% change in the euro affects ATR’s annual EBIT by ~$15 million. While U.S.”

According to TipRanks.com, Josephson is a 4-star analyst with an average return of 14.3% and a 53.3% 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 Hold, with a price target consensus of $78.

The company has a one year high of $87.94 and a one year low of $70.32. Currently, AptarGroup has an average volume of 275.7K.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. Earlier this month, King Harris, a Director at ATR sold 14,000 shares for a total of $1,196,020.

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.,000C80-E