APi Group Corporation (APG) Stock: A Look at the Analyst Recommendations

APG has 36-month beta value of 1.78. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for APG is 140.55M, and currently, short sellers hold a 3.99% ratio of that float. The average trading volume of APG on April 04, 2024 was 1.49M shares.

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APG) stock’s latest price update

APi Group Corporation (NYSE: APG) has seen a rise in its stock price by 1.09 in relation to its previous close of 38.60. However, the company has experienced a 1.67% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-29 that APi (APG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company’s fundamentals for clues.

APG’s Market Performance

APi Group Corporation (APG) has seen a 1.67% rise in stock performance for the week, with a 1.61% gain in the past month and a 18.67% surge in the past quarter. The volatility ratio for the week is 1.97%, and the volatility levels for the past 30 days are at 1.95% for APG. The simple moving average for the last 20 days is 1.10% for APG stock, with a simple moving average of 29.00% for the last 200 days.

Analysts’ Opinion of APG

Many brokerage firms have already submitted their reports for APG stocks, with Jefferies repeating the rating for APG by listing it as a “Buy.” The predicted price for APG in the upcoming period, according to Jefferies is $48 based on the research report published on March 15, 2024 of the current year 2024.

UBS, on the other hand, stated in their research note that they expect to see APG reach a price target of $40. The rating they have provided for APG stocks is “Buy” according to the report published on January 25th, 2024.

Robert W. Baird gave a rating of “Outperform” to APG, setting the target price at $29 in the report published on May 17th of the previous year.

APG Trading at 8.50% from the 50-Day Moving Average

After a stumble in the market that brought APG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.33% of loss for the given period.

Volatility was left at 1.95%, however, over the last 30 days, the volatility rate increased by 1.97%, as shares surge +2.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.73% upper at present.

During the last 5 trading sessions, APG rose by +1.67%, which changed the moving average for the period of 200-days by +54.05% in comparison to the 20-day moving average, which settled at $38.64. In addition, APi Group Corporation saw 12.77% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at APG starting from VIKING GLOBAL INVESTORS LP, who sale 3,038,617 shares at the price of $34.25 back on Mar 05 ’24. After this action, VIKING GLOBAL INVESTORS LP now owns 39,032 shares of APi Group Corporation, valued at $104,072,632 using the latest closing price.

VIKING GLOBAL INVESTORS LP, the 10% Owner of APi Group Corporation, sale 3,038,617 shares at $34.25 during a trade that took place back on Mar 05 ’24, which means that VIKING GLOBAL INVESTORS LP is holding 39,032 shares at $104,072,632 based on the most recent closing price.

Stock Fundamentals for APG

Current profitability levels for the company are sitting at:

  • 0.05 for the present operating margin
  • 0.27 for the gross margin

The net margin for APi Group Corporation stands at 0.02. The total capital return value is set at 0.06. Equity return is now at value 5.28, with 1.95 for asset returns.

Based on APi Group Corporation (APG), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 0.84. The interest coverage ratio of the stock is 2.48.

Currently, EBITDA for the company is 662.0 million with net debt to EBITDA at 3.12. When we switch over and look at the enterprise to sales, we see a ratio of 1.8. The receivables turnover for the company is 3.78for trailing twelve months and the total asset turnover is 0.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.43.

Conclusion

To put it simply, APi Group Corporation (APG) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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