Yahoo Finance Here's Why AptarGroup (ATR) is a Strong Momentum Stock
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Is This 1 Momentum Stock a Screaming Buy Right Now?
For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
AptarGroup (ATR)
Headquartered in Crystal Lake, IL, AptarGroup is a global supplier of a broad range of innovative dispensing, sealing, and active packaging solutions for the beauty, personal care, home care, prescription drug, consumer health care, injectables, food and beverage markets. Its main products include dispensing pumps, closures, aerosol valves, and elastomeric primary packaging components. The company has manufacturing facilities across the globe including North America, Europe, Asia, and South America. Its primary products are dispensing pumps, closures, aerosol valves, and elastomeric primary packaging components.
ATR boasts a Momentum Style Score of A and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Shares of AptarGroup has seen some interesting price action recently; the stock is up 4.3% over the past one week and up 2.9% over the past four weeks. And in the last one-year period, ATR has gained 20.3%. As for the stock's trading volume, 364,954.06 shares on average were traded over the last 20 days.
Momentum investors don't just pay attention to price changes; positive earnings play a crucial role, too. Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.11 to $5.30 per share. ATR boasts an average earnings surprise of 9.3%.
With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding ATR to their portfolios.
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AptarGroup, Inc. (ATR) : Free Stock Analysis Report
