KeyBanc Downgrades AptarGroup (ATR) to Hold; Little Reason to Believe Conditions Will Meaningfully Improve
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Price: $57.07 +0.88%
Rating Summary:
2 Buy, 3 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
2 Buy, 3 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade ATR Now!
KeyBanc downgraded AptarGroup (NYSE: ATR) from Buy to Hold.
KeyBanc analyst said, "Aptar pre-announced its 2Q12 EPS owing to broad-based volume weakness in Europe, the weaker Euro, and closing costs associated with its acquisition of the Stelmi Group...We are reducing our 2012 EPS estimate from $2.82 to $2.59 (our estimate would be $2.64 excluding the Stelmi costs) and our 2013 estimate from $3.16 to $2.90 to reflect the weaker Euro and the prospect of continued difficult operating conditions in Europe."
For an analyst ratings summary and ratings history on AptarGroup click here. For more ratings news on AptarGroup click here.
Shares of AptarGroup closed at $49.72 yesterday, with a 52 week range of $41.98-$55.49.
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KeyBanc analyst said, "Aptar pre-announced its 2Q12 EPS owing to broad-based volume weakness in Europe, the weaker Euro, and closing costs associated with its acquisition of the Stelmi Group...We are reducing our 2012 EPS estimate from $2.82 to $2.59 (our estimate would be $2.64 excluding the Stelmi costs) and our 2013 estimate from $3.16 to $2.90 to reflect the weaker Euro and the prospect of continued difficult operating conditions in Europe."
For an analyst ratings summary and ratings history on AptarGroup click here. For more ratings news on AptarGroup click here.
Shares of AptarGroup closed at $49.72 yesterday, with a 52 week range of $41.98-$55.49.
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