Barclays analyst Julian Mitchell maintained a Buy rating on APi Group (APG – Research Report) yesterday and set a price target of $37.00. The company’s shares closed yesterday at $34.65.
According to TipRanks, Mitchell is a top 100 analyst with an average return of 15.3% and a 64.94% success rate. Mitchell covers the Industrials sector, focusing on stocks such as General Electric, 3M, and Dover.
APi Group has an analyst consensus of Strong Buy, with a price target consensus of $37.40.
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Based on APi Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.78 billion and a net profit of $54 million. In comparison, last year the company earned a revenue of $1.74 billion and had a net profit of $28 million
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of APG in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
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