AptarGroup Inc

ATR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$839.00	Kjskbn	Pvvgbnfb

Aptar Begins to See Margin Gains as Price Strategy Plays Out, Reports Solid Q2; Shares Undervalued

Aaron Degagne

Jul 29, 2022

Aptar’s solid second-quarter results show that the firm’s pricing strategy has been successful at maintaining growth while also limiting margin contraction. Considering we had already projected earnings improvement due to Aptar’s pricing power and sticky relationships with customers, we are leaving our $132 fair value estimate intact. Our narrow-moat rating is also unchanged, and we still see shares as undervalued, with the stock trading at an 18% discount to fair value.

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