Wells Fargo analyst Gabrial Hajde maintains $AptarGroup (ATR.US)$ with a buy rating, and adjusts the target price from $168 to $185.
According to TipRanks data, the analyst has a success rate of 57.4% and a total average return of 4.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $AptarGroup (ATR.US)$'s main analysts recently are as follows:
Ahead of quarterly results in the packaging and containers sector, there is an anticipation that Q3 demand has seen a sequential improvement. However, a dramatic uptick is not expected due to prevailing cautious sentiment among consumers and industrial sectors. It is suggested the most challenging period has passed, but expectations are tempered with a projection of flat volume trends rather than a low single-digit increase for the year. A recovery is thought to be more likely during the first half of 2025.
AptarGroup's Pharma segment is anticipated to drive an 8.5% annual EBITDA growth through 2026, bolstered by a robust pipeline of new products including delivery systems for GLP-1 drugs, over-the-counter Narcan, and Neffy. This growth trajectory is expected to align the company's valuation more closely with its peers in the healthcare packaging sector.
Note:
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