Jefferies analyst Daniel Rizzo initiates coverage on $AptarGroup (ATR.US)$ with a buy rating, and sets the target price at $215.
According to TipRanks data, the analyst has a success rate of 68.0% and a total average return of 16.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $AptarGroup (ATR.US)$'s main analysts recently are as follows:
In discussing the packaging and containers industry ahead of quarterly results, it is believed that the third quarter saw a sequential improvement in demand, though expectations are tempered due to consumer and industrial sector caution. The perspective is that the industry's most challenging period has passed, but forecasts remain conservative with the anticipation of volumes remaining steady, rather than a low single-digit increase for the year. A full recovery is projected to extend into the first half of 2025, with a preference for certain companies in the sector as the ones to watch as the quarter's results approach.
AptarGroup's Pharma segment is anticipated to spearhead an 8.5% annual EBITDA growth through 2026, driven by a robust pipeline of new products including delivery systems for GLP-1 drugs, over-the-counter Narcan, and Neffy. This growth is expected to align the stock's valuation more closely with its peers in the healthcare packaging sector.
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