Somewhat Favorable Press Coverage Somewhat Unlikely to Impact AptarGroup (ATR) Share Price
Press coverage about AptarGroup (NYSE:ATR) has trended somewhat positive on Friday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AptarGroup earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 46.6088222809977 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of research firms have recently issued reports on ATR. BidaskClub downgraded shares of AptarGroup from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Robert W. Baird restated a “hold” rating and set a $85.00 target price on shares of AptarGroup in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Tuesday, October 17th. Vertical Research upgraded shares of AptarGroup from a “sell” rating to a “hold” rating and boosted their target price for the stock from $70.00 to $77.00 in a report on Monday, July 31st. Finally, Jefferies Group LLC restated a “hold” rating and set a $78.00 target price (down from $81.00) on shares of AptarGroup in a report on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $84.57.
AptarGroup (ATR) traded up $0.40 during trading hours on Friday, hitting $86.25. 108,243 shares of the company’s stock traded hands, compared to its average volume of 279,926. AptarGroup has a 12-month low of $71.44 and a 12-month high of $90.79. The firm has a market capitalization of $5,347.92, a P/E ratio of 26.01, a P/E/G ratio of 3.02 and a beta of 0.97. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.29 and a current ratio of 2.75.
AptarGroup (NYSE:ATR) last announced its earnings results on Thursday, October 26th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.03. The company had revenue of $624.33 million during the quarter, compared to analysts’ expectations of $599.31 million. AptarGroup had a net margin of 9.24% and a return on equity of 16.82%. AptarGroup’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.82 earnings per share. equities research analysts expect that AptarGroup will post 3.35 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 1st were given a $0.32 dividend. The ex-dividend date was Tuesday, October 31st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.48%. AptarGroup’s payout ratio is presently 37.43%.
In related news, Director Stephen J. Hagge sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $86.12, for a total transaction of $2,153,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Maritza Gomez Montiel sold 3,780 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $85.84, for a total transaction of $324,475.20. Following the sale, the director now directly owns 3,336 shares of the company’s stock, valued at approximately $286,362.24. The disclosure for this sale can be found here. Insiders have sold 46,910 shares of company stock valued at $4,045,539 in the last ninety days. 5.30% of the stock is currently owned by company insiders.
AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, homecare, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located throughout the world, including North America, Europe, Asia and South America.
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