China says Nvidia broke competition rules, extends probe; stock off lows
Investing.com - Truist Securities has reiterated its Buy rating on APi Group Corporation (NYSE:APG) with a price target of $41.00 following analyst site visits and management meetings. The target sits near the high end of analyst estimates ranging from $37 to $42, according to InvestingPro data, which shows a strong consensus buy recommendation among analysts.
The investment firm conducted a customer site tour and CEO lunch in Minnesota on Wednesday with APi Group’s CEO Russ Becker, CFO David Jackola, and VP of Investor Relations Adam Fee.
Truist indicated that these visits reinforced their view that APi Group has potential for mid-single-digit organic growth and a high teens compound annual growth rate (CAGR) in free cash flow per share.
The firm believes APi Group’s recent stock performance, which has outperformed the S&P by 35 points year-to-date, can be supported by U.S. Fire transaction comparables that trade at a premium to APi’s current multiple.
Truist Securities identified APi Group as its "favorite idea" among stocks it covers, suggesting continued confidence in the company’s business model and growth trajectory.
In other recent news, API Group Corp reported its second-quarter 2025 earnings, which exceeded Wall Street expectations. The company achieved an adjusted diluted earnings per share (EPS) of $0.39, surpassing the forecasted $0.37. API Group’s revenues reached $2 billion, representing a 15% increase from the previous year and exceeding the anticipated $1.9 billion. These financial results highlight the company’s strong performance in the second quarter. Additionally, analysts have noted the positive earnings outcome, although there were no specific upgrades or downgrades reported from major firms. Investors may find these developments noteworthy as they consider the company’s financial health and future prospects. These recent developments underscore API Group’s robust financial standing and its ability to exceed market expectations.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.