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APi Group Corporation (APG) Hits Fresh High: Is There Still Room to Run?
Zacks Investment Research· 2024-03-29 14:16
Have you been paying attention to shares of APi (APG) ? Shares have been on the move with the stock up 12% over the past month. The stock hit a new 52-week high of $39.95 in the previous session. APi has gained 13.5% since the start of the year compared to the 9.5% move for the Zacks Business Services sector and the -7.9% return for the Zacks Business - Services industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings cons ...
Is APi Group (APG) Stock Outpacing Its Business Services Peers This Year?
Zacks Investment Research· 2024-03-22 14:46
Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Has APi (APG) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.APi is a member of the Business Services sector. This group includes 315 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank considers 16 different groups, m ...
APG or SGSOY: Which Is the Better Value Stock Right Now?
Zacks Investment Research· 2024-03-08 17:41
Core Insights - APi (APG) is currently favored over SGS SA (SGSOY) for value investors based on Zacks Rank and valuation metrics [1][3] Valuation Metrics - APG has a forward P/E ratio of 21.10, while SGSOY has a forward P/E of 24.05 [2] - APG's PEG ratio is 1.18, compared to SGSOY's PEG ratio of 2.86 [2] - APG's P/B ratio stands at 4.46, whereas SGSOY has a P/B ratio of 31.41 [2] Zacks Rank and Style Scores - APG holds a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while SGSOY has a Zacks Rank of 4 (Sell) [1] - APG earns a Value grade of B, while SGSOY receives a Value grade of C [3]
APi Group Announces Participation in the 2024 J.P. Morgan Industrials Conference
Businesswire· 2024-03-08 12:30
NEW BRIGHTON, Minn.--(BUSINESS WIRE)--APi Group Corporation (NYSE: APG) (“APi” or the “Company”) today announced that its senior leadership will be participating in a fireside chat during the 2024 J.P. Morgan Industrials Conference on Wednesday, March 13th at 2:15 p.m. ET. A live webcast link and archived replay will be available in the “Events” area on the Investor Relations page of APi’s website at www.apigroupcorp.com. Interested parties should check the Company’s website for any schedule updates or tim ...
Is APi Group (APG) Outperforming Other Business Services Stocks This Year?
Zacks Investment Research· 2024-03-05 15:46
Group 1 - APi (APG) is a notable stock in the Business Services sector, currently outperforming its peers with a year-to-date return of approximately 11% compared to the sector average of 9.8% [1][2] - The Zacks Rank system rates APi as 2 (Buy), indicating positive analyst sentiment and an improving earnings outlook, with a 0.3% increase in the consensus estimate for full-year earnings over the past 90 days [2][3] - The Business Services group consists of 315 companies and is ranked 6 within the Zacks Sector Rank, which includes 16 groups [1] Group 2 - Hackett Group (HCKT) is another stock in the Business Services sector that has performed well, returning 9.8% since the beginning of the year [2] - The Consulting Services industry, which includes Hackett Group, has a Zacks Industry Rank of 166 and has seen an average return of +8.4% this year [3] - The Business - Services industry, which includes APi, has 23 stocks and is ranked 168, with an average loss of 7.3% this year, highlighting APi's superior performance [3]
Is APi Group (APG) Stock Undervalued Right Now?
Zacks Investment Research· 2024-03-05 15:46
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true v ...
APi Group Corporation (APG) Hit a 52 Week High, Can the Run Continue?
Zacks Investment Research· 2024-03-05 15:15
Have you been paying attention to shares of APi (APG) ? Shares have been on the move with the stock up 15.3% over the past month. The stock hit a new 52-week high of $38.53 in the previous session. APi has gained 11% since the start of the year compared to the 9.8% move for the Zacks Business Services sector and the -7.3% return for the Zacks Business - Services industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings cons ...
APi Group Announces Pricing of Upsized Secondary Public Offering of Common Stock
Businesswire· 2024-03-01 03:09
Core Viewpoint - APi Group Corporation announced the pricing and upsize of a public offering of 10,569,106 shares of common stock at a price of $34.25 per share, initiated by certain funds affiliated with Blackstone Inc. and Viking Global Investors LP [1][2] Group 1: Offering Details - The Selling Stockholders granted underwriters a 30-day option to purchase up to 1,585,365 additional shares [2] - APi will not sell any shares or receive any proceeds from this offering, which is expected to close on or about March 5, 2024 [2] - UBS Investment Bank and Citigroup are acting as joint lead book-running managers for the offering, with additional participation from Baird, Barclays, BofA Securities, Jefferies, and J.P. Morgan Securities LLC [2] Group 2: Regulatory Information - A shelf registration statement on Form S-3 was filed with the SEC on January 3, 2022, and declared effective on January 7, 2022 [3] - The offering is being made only by means of a prospectus that meets the requirements of the Securities Act of 1933 [3] Group 3: Company Overview - APi is a global provider of life safety, security, and specialty services, with a substantial recurring revenue base and over 500 locations worldwide [5] - The company serves a strong base of long-standing customers across various industries, driven by a leadership culture focused on delivering innovative solutions [5]
APi Group Announces Launch of Secondary Public Offering of Common Stock
Businesswire· 2024-02-28 21:22
Group 1 - APi Group Corporation announced a public offering of up to 8,130,082 shares of common stock by certain funds affiliated with Blackstone Inc. and Viking Global Investors LP [1] - The Selling Stockholders intend to grant underwriters a 30-day option to purchase up to 1,219,510 additional shares [1] - APi is not selling any shares and will not receive any proceeds from the offering [1] Group 2 - UBS Investment Bank and Citigroup are acting as joint bookrunning managers for the offering, with Blackstone Securities Partners L.P. as co-manager [2] - A shelf registration statement for the shares was filed with the SEC on January 3, 2022, and declared effective on January 7, 2022 [3] Group 3 - APi is a global business services provider specializing in life safety, security, and specialty services, with over 500 locations worldwide [5] - The company has a substantial recurring revenue base and serves a strong base of long-standing customers across various industries [5]
APi (APG) - 2023 Q4 - Annual Report
2024-02-28 21:02
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________ FORM 10-K ___________________________________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-39275 _____ ...