The stock of APi Group Corporation (NYSE:APG) last traded at $20.55, up 4.63% from the previous session.
Data from the available sources indicates that APi Group Corporation (NYSE:APG) is covered by 9 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $26.00 and a low of $17.00, we find $24.00. Given the previous closing price of $19.64, this indicates a potential upside of 22.2 percent. APG stock price is now 10.81% away from the 50-day moving average and 19.83% away from the 200-day moving average. The market capitalization of the company currently stands at $4.65B.
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In total, 4 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $22.67 as their price target over the next twelve months.
With the price target maintained at $23, BofA Securities recently Upgraded its rating from Neutral to Buy for APi Group Corporation (NYSE: APG). On June 17, 2022, JP Morgan recently initiated its ‘Neutral’ rating on the stock quoting a target price of $17, while ‘RBC Capital Mkts’ rates the stock as ‘Sector Perform’.
In other news, MALKIN ANTHONY E, Director bought 43,000 shares of the company’s stock on Sep 19. The stock was bought for $649,300 at an average price of $15.10. Upon completion of the transaction, the Director now directly owns 83,400 shares in the company, valued at $1.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 19, Director MALKIN ANTHONY E bought 21,500 shares of the business’s stock. A total of $324,650 was incurred on buying the stock at an average price of $15.10. This leaves the insider owning 77,396 shares of the company worth $1.59 million. Insiders disposed of 92,572 shares of company stock worth roughly $1.9 million over the past 1 year. A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in APG stock. A new stake in APi Group Corporation shares was purchased by CRESTLINE MANAGEMENT, LP during the first quarter worth $9,942,000. GYON TECHNOLOGIES CAPITAL MANAGEMENT, LP invested $4,316,000 in shares of APG during the first quarter. In the first quarter, EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in APi Group Corporation valued at approximately $2,702,000. SCHONFELD STRATEGIC ADVISORS LLC acquired a new stake in APG for approximately $2,152,000. HRT FINANCIAL LP purchased a new stake in APG valued at around $1,458,000 in the second quarter. In total, there are 276 active investors with 86.70% ownership of the company’s stock.
With an opening price of $19.76 on Thursday morning, APi Group Corporation (NYSE: APG) set off the trading day. During the past 12 months, APi Group Corporation has had a low of $13.09 and a high of $25.69. As of last week, the company has a debt-to-equity ratio of 1.30, a current ratio of 1.60, and a quick ratio of 1.50. The fifty day moving average price for APG is $18.55 and a two-hundred day moving average price translates $17.15 for the stock.
The latest earnings results from APi Group Corporation (NYSE: APG) was released for Jun, 2022. According to the Engineering & Construction Company, earnings per share came in at $0.37, beating analysts’ expectations of $0.35 by 0.02. This compares to $0.09 EPS in the same period last year. The net profit margin was -2.50% and return on equity was -6.80% for APG. The company reported revenue of $1.74 billion for the quarter, compared to $1.05 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 65.71 percent. For the current quarter, analysts expect APG to generate $1.68B in revenue.
APi Group Corporation(APG) Company Profile
APi Group Corporation provides safety, specialty, and industrial services in North America, Europe, Australia, and the Asian-Pacific. It operates through three segments: Safety Services, Specialty Services, and Industrial Services. The Safety Services segment offers safety solutions focusing on end-to-end integrated occupancy systems, such as fire protection solutions; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, monitoring, and service of these integrated systems. The Specialty Services segment provides infrastructure and specialized industrial plant services, including maintenance and repair of underground electric, gas, water, sewer, and telecommunications infrastructure. This segment also offers engineering and design, fabrication, installation, and retrofitting and upgrading services. The Industrial Services segment provides various services and solutions comprising pipeline infrastructure, access and road construction, supporting facilities, and integrity management and maintenance to the energy industry focused on transmission and distribution. It serves customers in the public and private sectors, including commercial, industrial, fulfillment centers, distribution, manufacturing, education, healthcare, telecom, transmission, utilities, high tech, entertainment, retail, financial services, and governmental markets. The company was formerly known as J2 Acquisition Limited and changed its name to APi Group Corporation in October 2019. APi Group Corporation was founded in 1926 and is headquartered in New Brighton, Minnesota.
