RBC Capital analyst Ashish Sabadra maintained a Hold rating on APi Group (APG – Research Report) yesterday and set a price target of $45.00. The company’s shares closed yesterday at $37.34.
Sabadra covers the Industrials sector, focusing on stocks such as APi Group, Equifax, and Verisk Analytics. According to TipRanks, Sabadra has an average return of 3.7% and a 56.62% success rate on recommended stocks.
Currently, the analyst consensus on APi Group is a Strong Buy with an average price target of $44.86.
The company has a one-year high of $39.98 and a one-year low of $21.65. Currently, APi Group has an average volume of 1.6M.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is neutral on the stock. Most recently, in March 2024, Viking Global Investors Lp, a Major Shareholder at APG bought 8,200,878.00 shares for a total of $201,741,598.80.
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APi Group (APG) Company Description:
APi Group Corp operates in three areas including Industrial Solutions, Safety Solutions, and Specialty Services. Its Industrial solutions segment provides a variety of specialty contracting services and solutions to the energy industry focused on transmission and distribution in the U.S. and Canada. The Safety Solutions segment provides fire protection solutions, HVAC and specialty systems, which include the design, installation, inspection, and service of these integrated building systems in North America. Its Specialty Services segment provides diversified infrastructure and specialty contractor solutions, focusing on infrastructure services and specialized industrial plant solutions, including maintenance and repair of water, sewer and telecom infrastructure.
