AptarGroup (ATR) is Initiated by Jefferies to Hold, Price Target at $83

AptarGroup (ATR) was Initiated by Jefferies to “Hold” and the brokerage firm has set the Price Target at $83. Jefferies advised their investors in a research report released on Oct 13, 2016.

On the company’s financial health, AptarGroup reported $0.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.90. The company had revenue of $620.00 million for the quarter, compared to analysts expectations of $620.24 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS.

AptarGroup closed down -0.88 points or -1.16% at $75.07 with 1,52,995 shares getting traded on Tuesday. Post opening the session at $75.62, the shares hit an intraday low of $74.55 and an intraday high of $75.72 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Sep 7, 2016, Salim Haffar (Segment President) sold 50,333 shares at $78.94 per share price. According to the SEC, on Aug 29, 2016, Robert Kuhn (EVP & CFO) sold 3,000 shares at $78.59 per share price. On Aug 5, 2016, King W Harris (director) sold 13,100 shares at $76.62 per share price, according to the Form-4 filing with the securities and exchange commission.

AptarGroup Inc. is a solution provider of a range of packaging delivery solutions for the beauty personal care home care prescription drug consumer health care injectables food and beverage markets. The Company has manufacturing facilities located throughout the world including North America Europe Asia and South America. It offers various dispensing and sealing solutions. Its primary products are dispensing pumps closures aerosol valves and elastomer primary packaging components. It also manufactures and sells elastomer primary packaging components which include stoppers for infusion antibiotic lyophilization and diagnostic vials. Its elastomer components also include pre-filled syringe components such as plungers needle shields tip caps and cartridges as well as dropper bulbs and disposable syringe plungers. The Company’s segments include Beauty + Home Pharma and Food + Beverage.


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