Why AptarGroup, Inc. (NYSE:ATR) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $78.00 on AptarGroup, Inc. (NYSE:ATR) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.24 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of AptarGroup, Inc. (NYSE:ATR) stands at 25.61. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For AptarGroup, Inc. Common Stock, the PEG ratio for coming 3-5 years is 2.35. Technical Analysis The technical analysis highlights that AptarGroup, Inc. Common Stock current price is trading $1.55 points away +2.02% from $76.80, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $75.13 and, for now, the stock price is trading $3.22 or +4.28% away from that point. The 52-week high of AptarGroup, Inc. (NYSE:ATR) was $80.36 while lowest point recorded in 52-week was $60.73. It implies if stock price makes a movement of over $-2.01, it will record a new 52-week high. In the case of $+29.01% points drop, it will touch a new 52-week low.

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