Analyst Gabrial Hajde from Wells Fargo maintained a Buy rating on AptarGroup (ATR – Research Report) and keeping the price target at $180.00.
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Gabrial Hajde’s rating is based on AptarGroup’s strong financial performance in the fourth quarter of 2024, where the company’s earnings per share significantly exceeded expectations, despite some gains from favorable tax rates and corporate expenses. The core sales growth was driven primarily by the Closures and Pharma segments, which saw increases of 7% and 4% respectively, showcasing AptarGroup’s strength in these areas.
Looking forward, while there are some challenges such as foreign exchange headwinds and a lower-than-expected first-quarter guidance for 2025, the company is anticipated to have another solid year, particularly supported by strong demand in the Pharma segment. AptarGroup’s ongoing efforts in margin expansion and cost optimization are also expected to continue, with EBITDA margin targets being raised and improvements observed over the past year, further justifying the Buy rating.
Based on the recent corporate insider activity of 102 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.