Wells Fargo analyst Gabrial Hajde maintained a Buy rating on AptarGroup (ATR – Research Report) yesterday and set a price target of $170.00.
Gabrial Hajde has given his Buy rating due to a combination of factors that highlight AptarGroup’s strong performance and future potential. The company’s pharmaceutical segment, which is its largest profit contributor, demonstrated year-over-year growth and improved margins despite challenging market conditions. This segment is expected to continue driving overall EBITDA growth, supported by a robust pipeline and new product launches.
Furthermore, AptarGroup’s strategic initiatives, such as mergers and acquisitions, dividends, and share repurchases, are anticipated to deliver substantial shareholder returns. Despite some declines in other segments like Beauty and Closures, the company’s focus on cost management and productivity improvements has helped maintain profitability. The guidance for the upcoming quarter and fiscal year remains positive, with the company leveraging its supply chain capabilities to mitigate potential external impacts.
Hajde covers the Consumer Cyclical sector, focusing on stocks such as International Paper Co, Ardagh Metal Packaging, and Crown Holdings. According to TipRanks, Hajde has an average return of 3.0% and a 58.37% success rate on recommended stocks.