Phoenix Tree (NYSE:APG) PT Raised to $20.00 at UBS Group

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Phoenix Tree (NYSE:APG) had its target price lifted by UBS Group from $15.00 to $20.00 in a report released on Monday morning, The Fly reports. They currently have a buy rating on the stock.

APG has been the topic of a number of other research reports. Citigroup lifted their price objective on shares of Phoenix Tree from $15.00 to $17.00 and gave the stock a buy rating in a research report on Thursday, August 13th. Robert W. Baird began coverage on shares of Phoenix Tree in a research report on Tuesday, June 23rd. They set an outperform rating on the stock.

Shares of Phoenix Tree stock opened at $15.13 on Monday. The stock has a 50 day moving average price of $13.33. The company has a current ratio of 1.70, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74. Phoenix Tree has a 52-week low of $8.84 and a 52-week high of $15.77.

Phoenix Tree (NYSE:APG) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.14. On average, equities research analysts expect that Phoenix Tree will post 1.02 earnings per share for the current fiscal year.

In other Phoenix Tree news, CEO Russell A. Becker acquired 2,100 shares of the firm’s stock in a transaction on Friday, June 19th. The stock was acquired at an average cost of $14.29 per share, for a total transaction of $30,009.00. Following the purchase, the chief executive officer now owns 1,965,227 shares in the company, valued at approximately $28,083,093.83. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul W. Grunau acquired 70,000 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were acquired at an average price of $14.74 per share, with a total value of $1,031,800.00. Following the completion of the purchase, the insider now owns 505,078 shares in the company, valued at approximately $7,444,849.72. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 82,100 shares of company stock worth $1,182,809. 9.50% of the stock is owned by insiders.

Phoenix Tree Company Profile

APi Group Corporation provides commercial life safety solutions and industrial specialty services. The company offers specialty contracting services and solutions to the energy industry focused on transmission and distribution in the United States and Canada; and industrial services, including the retrofit and upgrading of existing pipeline facilities.

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