RBC Capital on APi Group Corporation (APG): 'Steady Growth Amid Economic Flux'

RBC Capital analyst Ashish Sabadra reiterated an Outperform rating and $45.00 price target on APi Group Corporation (NYSE: APG).

The analyst commented: "Steady Growth Amid Economic Flux; We expect an in-line quarter with positive inflection in organic growth in Q2 and reiteration of FY25 guidance. We believe the impact of macroeconomic uncertainty should be manageable, given the statutorily required services and defensive end markets. In addition, APG has the ability to pass on tariff increases, which could drive higher pass-through revenues while protecting gross profit. Lastly, APG has been actively repurchasing shares. With net leverage below target and solid FCF, there is opportunity for tuck-in acquisitions."

For an analyst ratings summary and ratings history on APi Group Corporation click here. For more ratings news on APi Group Corporation click here.

Shares of APi Group Corporation closed at $34.79 yesterday.

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