The seven research firms currently covering API Group Co. (NYSE: APG) have given the stock an average rating of “Moderate Buy,” as reported by Bloomberg Ratings. It would appear that Bloomberg Ratings assigned this rating to the company. Two of the four analysts have assigned the stock a rating of “hold,” while the other two have ratings of “buy.” The average price estimate for the next 12 months held by brokerages that have changed their coverage in the previous year is $21.67. This number represents the average price estimate.
As of late, several equity analysts have published reports on the company they are observing in their research. Citigroup assigned API Group a “buy” rating in a research note published on Friday, December 9, and raised their price objective for the company from $21.00 to $24.00. The note was released on Friday, December 9. Royal Bank of Canada has increased its price objective on shares of API Group from $18.00 to $20.00, and the stock has been rated “sector perform.” On Friday, November 18, the report was made available for public consumption. Barclays increased their price objective on API Group stock from $19.00 to $22.00 in a research note published on December 1. The company reassessed the shares of API Group from a “c+” rating to a “b” rating in a research note that TheStreet distributed on November 25. The note was about the company’s latest thinking on the stock. UBS Group revealed to the general public on November 21 that they had increased their price target on API Group shares to $24.00 in a research note made available to the public that same day.
In the most recent few months, a wide range of institutional investors and hedge funds have either increased or decreased the percentage of their investments that the company holds. This shift has occurred in either a positive or negative direction. The number of API Group stock shares that FNY Investment Advisers LLC owned reached a new high of 50.0% during the quarter’s fourth month of operation. After making an additional purchase of 2,500 shares during the most recent quarter, FNY Investment Advisers LLC now has 7,500 shares of the company’s stock. Because of these acquisitions, the value of the company’s stock has increased to $141,000. During the third quarter of the current fiscal year, Centaurus Financial Inc. increased the percentage of API Group shares that it owned by 154.2%. After purchasing an additional 89,192 shares during the relevant period, Centaurus Financial Inc. now has 147,035 shares of the company’s stock, which are worth a combined total of $1,951,000. During the relevant period, these shares were acquired. Alpha Paradigm Partners LLC made a new holding investment in the amount of approximately $270,000 in API Group during the third quarter of 2018. As of the end of the third quarter, Baird Financial Group Inc. held 64.8% more shares of API Group than it did at the beginning of the quarter. Baird Financial Group Inc. purchased 7,990 shares of the company’s stock during the most recent fiscal quarter. This brings the total number of shares directly owned by the company to 20,315, with a market value of $270,000.
Last but not least, Greenhaven Road Investment Management L.P. increased the percentage of API Group shares it owned by 489,8% during the third quarter. This certainly should not be considered the least important development. After purchasing 593,739 additional shares during the most recent fiscal quarter, Greenhaven Road Investment Management L.P. now has a total of 714,957 shares of the company, which are currently valued at $9,487,000. This brings the total number of shares the firm owns in the company to 714,957. Institutional investors are responsible for holding 72.84 percent of the total number of shares in the company.
When trading started on Thursday, the price of an individual API Group share was $19.85. The ratio of debt to equity is currently sitting at 1.29, the ratio of quick ratio to current ratio is currently sitting at 1.52, and the ratio of current ratio to quick ratio is currently sitting at 1.6. The lowest point over the past year for API Group was $13.09, while the highest point over the past year for the company was $23.76. The price-to-earnings ratio for the company is -27.96, the price-to-growth ratio is 0.75, and the beta value for the company is 1.56. The company’s total value, as represented by its market capitalization, is $4.64 billion. The company’s moving average price over the past 50 days is $18.95, while the average price over the past 200 days is only $16.91.
API Group (NYSE: APG) made the findings of its most recent quarterly financial report public on Thursday, November 3. Earnings per share for the company’s most recent fiscal quarter came in at $0.37, which was in line with the consensus forecast of $0.37 offered by market analysts. The company’s most recent quarter’s revenues came in at $1.74 billion, which is significantly higher than the average prediction of $1.68 billion in revenue for the company’s most recent quarter. The API Group had a return on equity of 15.13 percent, and the company’s net margin was 0.92 percent. Compared to the current quarter, the previous quarter’s sales of the company’s products and services saw a 65.7% increase. In comparison, the previous year’s results showed that the company made a profit of $0.35 per share during the same period. According to the forecasts provided by analysts in the relevant industry, API Group will finish the current financial year with earnings of $1.31 per share.
The industrial, industrial specialty, and safety service offerings of API Group Corporation are provided to customers in various regions, including North America, Europe, Australia, and the Asia-Pacific region. The business is organized into three distinct organizational divisions: the industrial services division, the specialty services division, and the safety services division. The Safety Services business unit delivers all-encompassing and comprehensive safety solutions for occupancy systems. These solutions consist of heating, ventilation, air conditioning (HVAC), entry systems, and fire prevention equipment. These solutions cover everything from the planning and construction to the system’s inspection, installation, and ongoing monitoring and maintenance.