AptarGroup Gets a Hold Rating from Jefferies

By Austin Angelo

Jefferies analyst Philip Ng reiterated a Hold rating on AptarGroup (NYSE: ATR) yesterday and set a price target of $78. The company’s shares opened today at $83.61.

According to TipRanks.com, Ng is a top 100 analyst with an average return of 17.1% and a 78.0% success rate. Ng covers the Consumer Goods sector, focusing on stocks such as Orchids Paper Products Company, International Paper Co, and General Dynamics Corp.

Currently, the analyst consensus on AptarGroup is Hold and the average price target is $85, representing a 1.7% upside.

In a report issued on August 25, BMO Capital also reiterated a Hold rating on the stock with a $92 price target.

AptarGroup’s market cap is currently $5.19B and has a P/E ratio of 24.33. The company has a book value ratio of 3.9682.

Based on the recent corporate insider activity of 42 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 segments : Beauty and Home, Pharma, and Food and Beverage.