Raymond James has adjusted its price target for AptarGroup (ATR, Financial), reducing it from $190 to $175 while maintaining an Outperform rating on the stock. This revision comes as the firm reassesses its outlook on packaging companies in the lead-up to upcoming earnings reports.
The updated estimates reflect a prudent approach to expected volumes, influenced by subdued consumer trends observed since the second quarter. Raymond James highlights a potential 10% to 20% downside to earnings per share (EPS) projections if economic conditions worsen into a recession scenario.
The firm's reassessment underscores broader concerns in the market about consumer behavior and its impact on the packaging sector's performance, signaling a more cautious stance in the current economic climate.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for AptarGroup Inc (ATR, Financial) is $170.83 with a high estimate of $205.00 and a low estimate of $135.00. The average target implies an upside of 19.82% from the current price of $142.58. More detailed estimate data can be found on the AptarGroup Inc (ATR) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, AptarGroup Inc's (ATR, Financial) average brokerage recommendation is currently 1.6, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for AptarGroup Inc (ATR, Financial) in one year is $134.21, suggesting a downside of 5.87% from the current price of $142.58. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the AptarGroup Inc (ATR) Summary page.
