AptarGroup Inc. (NYSE:ATR) traded today at a new 52-week high of $147.01. Approximately 70,000 shares have changed hands today, as compared to an average 30-day volume of 260,000 shares.
AptarGroup is a leading global supplier of dispensing systems such as aerosol valves, pumps, and closures to the consumer goods and pharmaceutical markets. With the bulk of its annual net sales coming from Europe and the United States, Aptar aims to increase its presence in Asia and Latin America. Aptar's pharmaceutical division generates roughly one third of group sales but almost two thirds of group profits. We expect management to make more healthcare-related acquisitions in the coming years.
AptarGroup Inc. (NYSE:ATR) is currently priced 1.6% above its average consensus analyst price target of $143.81.
Over the past year, AptarGroup Inc. has traded in a range of $99.11 to $147.01 and is now at $146.09, 47% above that low.
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