APi Group Co. (NYSE:APG) Receives Average Rating of “Moderate Buy” from Analysts

APi Group Co. (NYSE:APG) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $43.71.

Several brokerages have commented on APG. Barclays raised their target price on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Robert W. Baird raised their target price on shares of APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, November 26th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $45.00 target price on shares of APi Group in a report on Friday, November 1st.

APi Group Stock Up 2.3 %

APi Group stock opened at $38.50 on Thursday. The company’s 50 day simple moving average is $34.91 and its 200 day simple moving average is $35.58. APi Group has a fifty-two week low of $29.98 and a fifty-two week high of $39.98. The firm has a market capitalization of $10.58 billion, a price-to-earnings ratio of -19.54 and a beta of 1.55. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42.

APi Group (NYSE:APG) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the firm earned $0.48 EPS. APi Group’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that APi Group will post 1.86 EPS for the current year.

Insider Activity

In related news, Director Ian G. H. Ashken sold 53,868 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the transaction, the director now directly owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. The trade was a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James E. Lillie sold 11,568 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $36.98, for a total transaction of $427,784.64. Following the transaction, the director now owns 1,134,635 shares in the company, valued at approximately $41,958,802.30. The trade was a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On APi Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC boosted its position in APi Group by 19.2% during the third quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company’s stock worth $277,079,000 after purchasing an additional 1,351,013 shares during the period. Allspring Global Investments Holdings LLC boosted its position in APi Group by 4.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,901,296 shares of the company’s stock worth $227,881,000 after purchasing an additional 324,544 shares during the period. Geode Capital Management LLC boosted its position in shares of APi Group by 2.9% in the third quarter. Geode Capital Management LLC now owns 3,730,499 shares of the company’s stock valued at $123,217,000 after acquiring an additional 106,119 shares during the period. State Street Corp boosted its position in shares of APi Group by 3.7% in the third quarter. State Street Corp now owns 3,723,241 shares of the company’s stock valued at $122,941,000 after acquiring an additional 132,971 shares during the period. Finally, Cooke & Bieler LP boosted its position in shares of APi Group by 218.9% in the second quarter. Cooke & Bieler LP now owns 2,884,540 shares of the company’s stock valued at $108,545,000 after acquiring an additional 1,979,931 shares during the period. 86.62% of the stock is owned by institutional investors.

APi Group Company Profile

APi Group Corporation provides safety and specialty services worldwide. It operates through Safety Services and Specialty Services segments. The Safety Services segment offers solutions focusing on end-to-end integrated occupancy systems, such as fire protection services; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, and service of these integrated systems.