Closing Strong: APi Group Corporation (APG) Ends at 36.49, Down -4.90 from Last Close

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After finishing at $38.37 in the prior trading day, APi Group Corporation (NYSE: APG) closed at $36.49, down -4.90%. In other words, the price has decreased by -$4.90 from its previous closing price. On the day, 2.11 million shares were traded. APG stock price reached its highest trading level at $38.165 during the session, while it also had its lowest trading level at $36.47.

Ratios:

Our goal is to gain a better understanding of APG by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 25.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.54. For the most recent quarter (mrq), Quick Ratio is recorded 1.26 and its Current Ratio is at 1.35. In the meantime, Its Debt-to-Equity ratio is 1.29 whereas as Long-Term Debt/Eq ratio is at 1.22.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on March 15, 2024, initiated with a Buy rating and assigned the stock a target price of $48.

Robert W. Baird Upgraded its Neutral to Outperform on May 17, 2023, whereas the target price for the stock was revised from $27 to $29.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 17 ’24 when VIKING GLOBAL INVESTORS LP sold 1,951,782 shares for $38.15 per share. The transaction valued at 74,460,483 led to the insider holds 0 shares of the business.

VIKING GLOBAL INVESTORS LP sold 1,951,782 shares of APG for $74,460,483 on Jun 17 ’24. The 10% Owner now owns 0 shares after completing the transaction at $38.15 per share. On Jun 11 ’24, another insider, FRANKLIN MARTIN E, who serves as the Director of the company, sold 264,626 shares for $37.41 each. As a result, the insider received 9,899,659 and left with 14,766,902 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, APG now has a Market Capitalization of 10524372992 and an Enterprise Value of 12738732032. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.91 while its Price-to-Book (P/B) ratio in mrq is 4.21. Its current Enterprise Value per Revenue stands at 1.842 whereas that against EBITDA is 18.516.

Stock Price History:

The Beta on a monthly basis for APG is 1.81, which has changed by 0.28170002 over the last 52 weeks, in comparison to a change of 0.23228896 over the same period for the S&P500. Over the past 52 weeks, APG has reached a high of $39.98, while it has fallen to a 52-week low of $24.61. The 50-Day Moving Average of the stock is -1.87%, while the 200-Day Moving Average is calculated to be 7.58%.

Shares Statistics:

The stock has traded on average 2.24M shares per day over the past 3-months and 1249907 shares per day over the last 10 days, according to various share statistics. A total of 235.58M shares are outstanding, with a floating share count of 147.92M. Insiders hold about 14.64% of the company’s shares, while institutions hold 116.23% stake in the company. Shares short for APG as of 1719532800 were 8097106 with a Short Ratio of 3.61, compared to 1717113600 on 6545868. Therefore, it implies a Short% of Shares Outstanding of 8097106 and a Short% of Float of 4.0599998.

Earnings Estimates

The current rating of APi Group Corporation (APG) is the result of assessments by 10.0 analysts actively engaged in evaluating its market dynamics.On average, analysts expect EPS of $0.47 for the current quarter, with a high estimate of $0.49 and a low estimate of $0.46, while EPS last year was $0.41. The consensus estimate for the next quarter is $0.55, with high estimates of $0.58 and low estimates of $0.52.

Analysts are recommending an EPS of between $1.96 and $1.84 for the fiscal current year, implying an average EPS of $1.89. EPS for the following year is $2.21, with 10.0 analysts recommending between $2.52 and $2.03.

Revenue Estimates

10 analysts predict $1.79B in revenue for the current quarter. It ranges from a high estimate of $1.82B to a low estimate of $1.77B. As of the current estimate, APi Group Corporation’s year-ago sales were $1.77BFor the next quarter, 10 analysts are estimating revenue of $1.93B. There is a high estimate of $1.95B for the next quarter, whereas the lowest estimate is $1.91B.

A total of 10 analysts have provided revenue estimates for APG’s current fiscal year. The highest revenue estimate was $7.27B, while the lowest revenue estimate was $7.19B, resulting in an average revenue estimate of $7.23B. In the same quarter a year ago, actual revenue was $6.93BBased on 10 analysts’ estimates, the company’s revenue will be $7.66B in the next fiscal year. The high estimate is $7.79B and the low estimate is $7.4B.

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