APi Group Shares Cross Analyst Target Price, Investor Decisions Loom
In recent trading, shares of APi Group Corp (Symbol: APG) have surpassed the average analyst 12-month target price of $45.67, trading at $45.81 per share. When a stock hits an analyst’s target, the analyst typically faces two choices: either downgrade due to valuation or adjust the target price higher. This reaction can also depend on fundamental business developments that influenced the stock’s rise; if company prospects look promising, it might signal a target price increase.
Within the Zacks coverage universe, there are nine different analyst targets for APi Group Corp contributing to this average. While the average provides insight, it’s essential to note the range of opinions; some analysts have lower targets, with one estimating a price of $39.00, while another sets a target as high as $51.00. The standard deviation among these targets stands at $3.605.
The purpose of examining the average APG price target is to leverage the collective insight of multiple analysts, rather than relying on a single expert’s viewpoint. With APG now exceeding the average target price of $45.67 per share, investors should take this opportunity to reassess the company. They must decide whether $45.67 is a stopping point before reaching higher targets or if the current valuation suggests it might be time to consider selling some shares. Below is a table detailing the latest analyst ratings for APi Group Corp:
| Recent APG Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 8 | 8 | 8 | 8 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 1 | 1 | 1 | 1 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.3 | 1.3 | 1.3 | 1.3 |
The average rating shown in the table ranges from 1 to 5, where 1 represents “Strong Buy” and 5 indicates “Strong Sell.” This analysis utilized data from Zacks Investment Research via Quandl.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
