Wells Fargo Sticks to Their Buy Rating for AptarGroup (ATR)

In a report released today, Gabrial Hajde from Wells Fargo maintained a Buy rating on AptarGroup, with a price target of $152.00. The company’s shares closed yesterday at $133.18.

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Hajde covers the Consumer Cyclical sector, focusing on stocks such as O-I Glass, Crown Holdings, and Graphic Packaging. According to TipRanks, Hajde has an average return of 2.5% and a 56.54% success rate on recommended stocks.

Currently, the analyst consensus on AptarGroup is a Strong Buy with an average price target of $174.60.

Based on AptarGroup’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $966.01 million and a net profit of $111.72 million. In comparison, last year the company earned a revenue of $910.06 million and had a net profit of $90.45 million

Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ATR in relation to earlier this year. Last month, Gael Touya, the Segment President of ATR sold 2,500.00 shares for a total of $340,289.90.