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In a challenging market environment, APG (Api Group Corp) stock has reached its 52-week low, trading at $31.4, with a current market capitalization of $9.08 billion. According to InvestingPro analysis, the stock’s high beta of 1.88 indicates significant sensitivity to market movements. This price level reflects a significant downturn for the company, which has seen its stock value decrease by 16.9% over the past year. Investors are closely monitoring APG’s performance as it navigates through the headwinds that have led to this low point, considering the broader economic factors that may have influenced this decline. The 52-week low serves as a critical marker for the company, highlighting the volatility and the pressures faced within its industry and the market at large. Analyst price targets range from $38 to $50, suggesting potential upside. Get deeper insights and access to comprehensive analysis with InvestingPro, which offers additional ProTips and detailed financial metrics for informed decision-making.
In other recent news, APi Group Corporation reported its fourth-quarter earnings for 2024, revealing strong performance with earnings per share (EPS) of $0.51, which matched analyst expectations. The company also slightly exceeded revenue projections, reporting $1.86 billion against an expected $1.84 billion. For the full year, APi Group achieved record net revenue of $7 billion, marking a 1.3% growth year-over-year. In a strategic move, APi Group appointed David Jackola as the new Executive Vice President & Chief Financial Officer, after serving as Interim CFO since December 2024. Jackola, with over 20 years of global finance experience, expressed his commitment to leading APi’s finance and IT teams. Additionally, APi Group continues to focus on expanding its presence in the elevator and escalator services market. The company has set a positive outlook for 2025, with projected net revenue between $7.3 billion and $7.5 billion. The firm expects adjusted EBITDA to range from $970 million to $1.02 billion, aiming to continue its margin expansion strategy.
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