At the time of writing, APi Group Corporation [APG] stock is trading at $39.28, up 1.87%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The APG shares have lost -0.73% over the last week, with a monthly amount glided 3.75%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
APi Group Corporation [NYSE: APG] stock has seen the most recent analyst activity on March 15, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $48. On May 17, 2023, upgrade upgraded it’s rating to Outperform and revised its price target to $29 on the stock. BofA Securities upgraded its rating to a Buy but stick to its price target of $23 on July 11, 2022. JP Morgan initiated its recommendation with a Neutral and recommended $17 as its price target on June 17, 2022. RBC Capital Mkts started tracking with a Sector Perform rating for this stock on March 25, 2022, and assigned it a price target of $24. In a note dated March 22, 2022, BofA Securities initiated an Neutral rating and provided a target price of $23 on this stock.
For the past year, the stock price of APi Group Corporation fluctuated between $21.05 and $39.98. Currently, Wall Street analysts expect the stock to reach $39 within the next 12 months. APi Group Corporation [NYSE: APG] shares were valued at $39.28 at the most recent close of the market. An investor can expect a potential drop of -0.71% 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 0.27% with Operating Profit Margin at 0.05%, 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 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.84.
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 38.97 points at the first support level, and at 38.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.77, and for the 2nd resistance point, it is at 40.26.
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 0.27. Considering the valuation of this stock, the price to sales ratio is 0.98, the price to book ratio is 4.54.
Transactions by insiders
Recent insider trading involved VIKING GLOBAL INVESTORS LP, 10% Owner, that happened on Mar 05 ’24 when 3.04 million shares were sold. 10% Owner, VIKING GLOBAL INVESTORS LP completed a deal on Mar 05 ’24 to sell 3.04 million shares. Meanwhile, Director ASHKEN IAN G H sold 0.15 million shares on Mar 04 ’24.
