AptarGroup (NYSE:ATR) Price Target Lowered to $175.00 at Raymond James

AptarGroup (NYSE:ATR - Get Free Report) had its price target decreased by equities researchers at Raymond James from $190.00 to $175.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the industrial products company's stock. Raymond James' price target indicates a potential upside of 18.10% from the stock's current price.

ATR has been the subject of several other reports. StockNews.com downgraded AptarGroup from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Robert W. Baird reduced their price target on AptarGroup from $185.00 to $160.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Wells Fargo & Company lowered their price target on AptarGroup from $180.00 to $170.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Finally, Bank of America downgraded shares of AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 price objective for the company. in a report on Monday, January 6th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $178.60.

AptarGroup Stock Performance

Shares of NYSE ATR traded down $3.28 during mid-day trading on Tuesday, hitting $148.18. The company had a trading volume of 39,896 shares, compared to its average volume of 368,853. AptarGroup has a 12 month low of $130.85 and a 12 month high of $178.03. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.38 and a quick ratio of 0.95. The firm's 50 day simple moving average is $145.90 and its two-hundred day simple moving average is $156.83. The stock has a market cap of $9.77 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 3.89 and a beta of 0.59.

AptarGroup (NYSE:ATR - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.28 by $0.24. AptarGroup had a net margin of 10.45% and a return on equity of 15.56%. As a group, equities research analysts forecast that AptarGroup will post 5.57 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ATR. MassMutual Private Wealth & Trust FSB increased its holdings in shares of AptarGroup by 155.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 278 shares of the industrial products company's stock valued at $41,000 after buying an additional 169 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of AptarGroup in the 4th quarter valued at $42,000. Park Place Capital Corp purchased a new position in AptarGroup in the 4th quarter worth about $67,000. Principal Securities Inc. raised its holdings in AptarGroup by 328.4% during the 4th quarter. Principal Securities Inc. now owns 437 shares of the industrial products company's stock worth $69,000 after buying an additional 335 shares during the period. Finally, Huntington National Bank lifted its stake in AptarGroup by 35.1% during the fourth quarter. Huntington National Bank now owns 462 shares of the industrial products company's stock valued at $73,000 after buying an additional 120 shares in the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

About AptarGroup

AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments.