At the time of writing, APi Group Corporation [APG] stock is trading at $37.36, up 6.59%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The APG shares have gain 5.93% over the last week, with a monthly amount glided 18.53%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Robert W. Baird upgraded its rating to Outperform on May 17, 2023, and elevated its price target to $29. On July 11, 2022, upgrade upgraded it’s rating to Buy but maintained its price target of $23 on the stock. JP Morgan started tracking the stock assigning a Neutral rating and suggested a price target of $17 on June 17, 2022. RBC Capital Mkts initiated its recommendation with a Sector Perform and recommended $24 as its price target on March 25, 2022. BofA Securities started tracking with a Neutral rating for this stock on March 22, 2022, and assigned it a price target of $23. In a note dated January 10, 2022, Robert W. Baird downgraded an Neutral rating on this stock but restated the target price of $26.
For the past year, the stock price of APi Group Corporation fluctuated between $20.05 and $36.40. Currently, Wall Street analysts expect the stock to reach $24 within the next 12 months. APi Group Corporation [NYSE: APG] shares were valued at $37.36 at the most recent close of the market. An investor can expect a potential drop of -35.76% based on the average APG price forecast.
Analyzing the APG fundamentals
According to APi Group Corporation [NYSE:APG], the company’s sales were 6.93B for trailing twelve months, which represents an 3.29% jump. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.06 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.27.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 35.94 points at the first support level, and at 34.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.10, and for the 2nd resistance point, it is at 38.85.
Ratios To Look Out For
It is important to note that APi Group Corporation [NYSE:APG] has a current ratio of 1.43. As well, the Quick Ratio is 1.35, while the Cash Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 0.93, the price to book ratio is 4.32.
Transactions by insiders
Recent insider trading involved Krumm Kevin, EVP & Chief Financial Officer, that happened on Feb 27 when 5585.0 shares were sold. 10% Owner, VIKING GLOBAL INVESTORS LP completed a deal on Jan 02 to sell 6.5 million shares. Meanwhile, 10% Owner VIKING GLOBAL INVESTORS LP sold 6.5 million shares on Jan 02.
