The stock of AEP Industries (NASDAQ:AEPI) reached all time high today, Nov, 10 and still has $166.70 target or 51.00% above today’s $110.40 share price. This indicates more upside for the $573.18 million company. This technical setup was reported by Barchart.com. If the $166.70 PT is reached, the company will be worth $292.32M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock decreased 2.39% or $2.7 during the last trading session, hitting $110.4. About 44,047 shares traded hands or 6.78% up from the average. AEP Industries (NASDAQ:AEPI) has risen 84.17% since April 8, 2016 and is uptrending. It has outperformed by 78.52% the S&P500.
According to Zacks Investment Research, “AEP Industries Inc. is a manufacturer of plastic packaging films. They manufacture both commodity films, which are made to general specifications, and specialty films, which are made to customer specifications. The films are used in the packaging, transportation, beverage, food, automotive, pharmaceutical, chemical, electronics, construction, agriculture and textile industries.”
Insitutional Activity: The institutional sentiment increased to 1.25 in 2016 Q2. Its up 0.20, from 1.05 in 2016Q1. The ratio increased, as 7 funds sold all AEP Industries shares owned while 29 reduced positions. 15 funds bought stakes while 30 increased positions. They now own 3.46 million shares or 3.57% less from 3.59 million shares in 2016Q1.
Geode Limited Liability accumulated 65,711 shares or 0% of the stock. Moreover, Strs Ohio has 0% invested in AEP Industries (NASDAQ:AEPI) for 7,900 shares. Aqr Capital Mngmt has 17,638 shares for 0% of their US portfolio. Blackrock Fund reported 104,909 shares or 0% of all its holdings. Moreover, First Eagle Investment Management Ltd Liability has 0.06% invested in AEP Industries (NASDAQ:AEPI) for 281,314 shares. The New York-based Hutchin Hill L P has invested 0.01% in AEP Industries (NASDAQ:AEPI). Menta Capital Limited has 0.1% invested in the company for 9,209 shares. Eagle Global Advisors Ltd Liability last reported 0.03% of its portfolio in the stock. Art Ltd Liability Corp last reported 0.02% of its portfolio in the stock. Parametric Ltd Liability Company last reported 0% of its portfolio in the stock. Brandywine Global Investment Mgmt has 2,000 shares for 0% of their US portfolio. Coe Management Ltd Limited Liability Company holds 0% or 4,890 shares in its portfolio. Gsa Prns Limited Liability Partnership has 0.15% invested in the company for 34,763 shares. Credit Suisse Ag accumulated 4,510 shares or 0% of the stock. Northern Tru Corp accumulated 0% or 55,264 shares.
Insider Transactions: Since September 22, 2016, the stock had 0 insider purchases, and 1 insider sale for $14.47 million net activity. 130,000 shares with value of $14.47M were sold by KSA CAPITAL MANAGEMENT – LLC on Thursday, September 22.
More notable recent AEP Industries (NASDAQ:AEPI) news were published by: Reuters.com which released: “Berry Plastics to buy AEP Industries to expand in North America” on August 25, 2016, also Prnewswire.com with their article: “AEP Industries Inc. Announces First Quarter Fiscal 2017 Dividend” published on October 19, 2016, Prnewswire.com published: “AEP Industries Inc. Reports Fiscal 2016 Third Quarter and Year-to-Date Results” on September 09, 2016. More interesting news about AEP Industries (NASDAQ:AEPI) were released by: Stltoday.com and their article: “Berry Plastics to buy AEP Industries” published on August 25, 2016 as well as Prnewswire.com‘s news article titled: “AEP Industries Inc. Names John Powers President And Chief Operating Officer” with publication date: November 05, 2015.
AEPI Company Profile
AEP Industries Inc., incorporated on November 13, 1985, is a maker of plastic packaging films in North America. The Firm is engaged in the production, manufacture and distribution of polyethylene and polyvinyl chloride flexible plastic packaging products for the food/beverage, industrial and agricultural markets. The Company’s plastic packaging films are used in the packaging, transportation, beverage, food, automotive, pharmaceutical, chemical, electronics, and construction, agriculture and textile industries. The Company’s products include custom films, stretch (pallet) wrap, food contact, PROformance films, canliners, printed and converted films, and other products and specialty films. It makes plastic films, principally from resins blended with other raw materials, which it either sells or further processes by printing, laminating, slitting or converting. It makes both industrial grade products and specialty products. The Firm operates in the United States and Canada.
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