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Investing.com - RBC Capital has raised the price target on APi Group Corporation (NYSE:APG) to $37.00 from $34.67 while maintaining an Outperform rating. The stock, currently trading at $34.31 with a market capitalization of $14.2 billion, has shown remarkable momentum with a 41% gain over the past six months. According to InvestingPro analysis, the stock is currently trading above its Fair Value.
The firm adjusted its estimates and price target to reflect foreign exchange factors and the 3:2 stock split that occurred on July 1, 2025.
RBC Capital noted that near-term checks show limited impact from tariffs and weather-related challenges in the second quarter of 2025, and the firm expects an inline quarter with a reiteration of fiscal year 2025 guidance.
According to RBC Capital, APi Group is well-positioned to deliver on its 10/16/60+ financial targets, supported by increased U.S. infrastructure investment and onshoring of advanced manufacturing.
The firm also highlighted that APi Group has actively repurchased shares and, with net leverage below the target of 2.5-3x and strong free cash flow, there remains room for tuck-in acquisitions to drive further growth.
In other recent news, APi Group Corporation reported first-quarter revenue of $1.7 billion, surpassing analyst expectations of $1.66 billion and marking a 7.4% year-over-year increase. The company also raised its full-year 2025 revenue guidance to a range of $7.4-$7.6 billion, up from the previous forecast of $7.3-$7.5 billion. Additionally, APi Group increased its adjusted EBITDA outlook to $985-$1,035 million. The company announced a three-for-two stock split, with the dividend of additional shares scheduled for June 30, 2025, for shareholders of record as of June 16, 2025. RBC Capital Markets raised its price target for APi Group to $52, maintaining an Outperform rating, while Truist Securities increased its target to $54, reiterating a Buy rating. APi Group’s strategic goals include achieving over $10 billion in revenues and 16% adjusted EBITDA margins by 2028. The company also expanded its revolving credit commitments by $250 million, bringing the total to $750 million, and introduced more favorable terms to its credit facility. These developments reflect APi Group’s ongoing efforts to enhance shareholder value and financial performance.
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