Key Highlights:
- APi Group (APG, Financial) is set to join the S&P MidCap 400.
- The company's shares surged by 6% in after-hours trading.
- Analysts predict a potential upside of 7.82% for APi Group's stock.
APi Group (APG) is poised to make a significant move as it joins the S&P MidCap 400. This transition follows the acquisition of United States Steel by Nippon Steel and will officially occur before the market opens on June 24. In response, APi Group’s shares experienced a notable 6% surge in after-hours trading, reflecting investor optimism.
Wall Street Analysts Forecast
According to insights from 9 financial analysts, the average one-year price target for APi Group Corp (APG, Financial) stands at $52.78. The projections range from a low of $47.00 to a high of $55.00. This average target suggests a possible upside of 7.82% from the current stock price of $48.95. Investors and interested parties can access more comprehensive estimate data on the APi Group Corp (APG) Forecast page.
Further underlining the positive sentiment, the consensus recommendation from 10 brokerage firms is an average rating of 1.7, indicating an "Outperform" status. On this scale, 1 represents a Strong Buy and 5 represents a Sell, highlighting the optimistic outlook from Wall Street analysts.
Despite the bullish analyst forecasts, GuruFocus provides an alternative perspective with its GF Value estimate for APi Group (APG, Financial). This metric calculates a one-year GF Value of $31.59, which points to a downside potential of 35.46% from the current share price of $48.95. The GF Value is determined by considering historical trading multiples, past business growth, and future performance estimates. For a deeper dive into these valuations, visit the APi Group Corp (APG) Summary page.
