APi Group Corporation (NYSE:APG) Has Made The 26.05% Recovery, Could Gain Another -20.13% Ahead

In recent trading session, APi Group Corporation (NYSE:APG) saw 2.85 million shares changing hands at last check today with its beta currently measuring 1.83. Company’s recent per share price level of $33.28 trading at $0.32 or 0.99% at last check today assigns it a market valuation of $5.77B. That most recent trading price of APG’s stock is at a discount of -20.13% from its 52-week high price of $39.98 and is indicating a premium of 26.05% from its 52-week low price of $24.61. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.07 million shares which gives us an average trading volume of 1.89 million if we extend that period to 3-months.

For APi Group Corporation (APG), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.67. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.52 in the current quarter.

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APi Group Corporation (NYSE:APG) trade information

Upright in the green today for gaining 0.99%, in the last five days APG remained trading in the red while hitting it’s week-highest on Friday, 09/20/24 when the stock touched $33.28 price level, adding 7.04% to its value on the day. APi Group Corporation’s shares saw a change of -3.80% in year-to-date performance and have moved -7.03% in past 5-day. APi Group Corporation (NYSE:APG) showed a performance of -6.48% in past 30-days. Number of shares sold short was 4.36 million shares which calculate 4.97 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 43 to the stock, which implies a rise of 22.6% to its recent value today. Analysts have been projecting 24 as a low price target for the stock while placing it at a high target of 50. It follows that stock’s current price would jump 27.88% in reaching the projected high whereas dropping to the targeted low would mean a gain of 27.88% for stock’s current value.

APi Group Corporation (APG) estimates and forecasts

Statistics highlight that APi Group Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -15.82% of value to its shares in past 6 months, showing an annual growth rate of 17.72% while that of industry is -3.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 2.90% from the last financial year’s standing.

7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.88B for the same. And 7 analysts are in estimates of company making revenue of 1.92B in the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 11.82% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 18.32% while estimates for its earnings growth in next 5 years are of 18.40%.

APi Group Corporation (NYSE:APG)’s Major holders

Insiders are in possession of 11.95% of company’s total shares while institution are holding 79.42 percent of that, with stock having share float percentage of 90.20%. Investors also watch the number of corporate investors in a company very closely, which is 79.42% institutions for APi Group Corporation that are currently holding shares of the company. VIKING GLOBAL INVESTORS LP is the top institutional holder at APG for having 27.03 million shares of worth $1.02 billion. And as of 2024-06-30, it was holding 10.8241 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 23.02 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.2165 of outstanding shares, having a total worth of $866.16 million.