Why AptarGroup (ATR) is a Top Momentum Stock for the Long-Term
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Is This 1 Momentum Stock a Screaming Buy Right Now?
Different than value or growth investors, momentum-oriented investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
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 sits at a Zacks Rank #2 (Buy), holds a Momentum Style Score of B, and has a VGM Score of A. The stock is up 6.8% and up 9.9% over the past one-week and four-week period, respectively, and AptarGroup has gained 27.2% in the last one-year period as well. Additionally, an average of 336,911.06 shares were traded over the last 20 trading sessions.
A company's earnings performance is important for momentum investors as well. For fiscal 2024, two analysts revised their earnings estimate higher in the last 60 days for ATR, while the Zacks Consensus Estimate has increased $0.03 to $5.10 per share. ATR also boasts an average earnings surprise of 7.8%.
ATR should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.
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AptarGroup, Inc. (ATR) : Free Stock Analysis Report
