Morgan Stanley Keeps Their Hold Rating on APA Group (APAJF)

In a report released today, Robert Koh from Morgan Stanley maintained a Hold rating on APA Group (APAJF – Research Report), with a price target of A$8.08. The company’s shares closed today at $4.50.

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According to TipRanks, Koh is a 2-star analyst with an average return of 0.2% and a 45.61% success rate. Koh covers the Industrials sector, focusing on stocks such as Transurban Group Ltd., Cleanaway Waste Management Ltd., and Auckland International Airport Limited.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for APA Group with a $5.11 average price target.

APAJF market cap is currently $5.45B and has a P/E ratio of 7.34.

Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of APAJF in relation to earlier this year.