Exclusive: Does AEP Industries Have More Gas After Reaching 52-Week High?

Exclusive: Does AEP Industries Have More Gas After Reaching 52 Week High?

The stock of AEP Industries (NASDAQ:AEPI) hit a new 52-week high and has $122.43 target or 5.00% above today’s $116.60 share price. The 5 months bullish chart indicates low risk for the $593.64 million company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $122.43 price target is reached, the company will be worth $29.68 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 27,949 shares traded hands. AEP Industries (NASDAQ:AEPI) has risen 72.99% since April 26, 2016 and is uptrending. It has outperformed by 67.73% the S&P500.

Analysts await AEP Industries (NASDAQ:AEPI) to report earnings on January, 12.

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 1.27 in 2016 Q2. Its up 0.02, from 1.25 in 2016Q1. The ratio improved, 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.
Teachers owns 6,221 shares or 0% of their US portfolio. Northern Corporation reported 55,264 shares or 0% of all its holdings. Gamco Investors Et Al owns 2,750 shares or 0% of their US portfolio. The Texas-based Eagle Glob Advsr Limited Liability Corporation has invested 0.03% in AEP Industries (NASDAQ:AEPI). Royal National Bank & Trust Of Canada accumulated 0% or 855 shares. Bogle Invest Mngmt L P De accumulated 0.12% or 20,698 shares. Blackrock Institutional Trust Co Na last reported 115,709 shares in the company. Geode Management Limited Com last reported 0% of its portfolio in the stock. Tfs Limited Liability Company last reported 0.13% of its portfolio in the stock. Hillsdale Inv Mgmt Incorporated has 0.13% invested in the company for 5,600 shares. Deutsche Retail Bank Ag has invested 0% of its portfolio in AEP Industries (NASDAQ:AEPI). Moreover, Paloma Partners has 0% invested in AEP Industries (NASDAQ:AEPI) for 2,700 shares. The California-based California State Teachers Retirement System has invested 0% in AEP Industries (NASDAQ:AEPI). Tower Rech Cap Llc (Trc) holds 0% of its portfolio in AEP Industries (NASDAQ:AEPI) for 199 shares. Wellington Mgmt Grp Incorporated Limited Liability Partnership has invested 0% of its portfolio in AEP Industries (NASDAQ:AEPI).

Insider Transactions: Since September 22, 2016, the stock had 0 insider buys, and 1 insider sale for $14.47 million net activity. The insider KSA CAPITAL MANAGEMENT – LLC sold 130,000 shares worth $14.47M.

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. Reports Fiscal 2016 Third Quarter and Year-to-Date Results” published on September 09, 2016, Prnewswire.com published: “AEP Industries Inc. Names John Powers President And Chief Operating Officer” on November 05, 2015. More interesting news about AEP Industries (NASDAQ:AEPI) were released by: Fool.com and their article: “Why Walgreens Boots Alliance, Axiall, and AEP Industries Jumped Today” published on June 10, 2016 as well as Stltoday.com‘s news article titled: “Berry Plastics to buy AEP Industries” with publication date: August 25, 2016.

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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