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

Shares of APi Group Co. (NYSE:APG) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $43.43.

A number of equities analysts have weighed in on APG shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $45.00 price objective on shares of APi Group in a research report on Friday, November 1st. Barclays increased their price target on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Citigroup lifted their price objective on APi Group from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, December 9th. William Blair reiterated an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Finally, Robert W. Baird lifted their price target on shares of APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th.

Insider Activity at APi Group

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

Institutional Trading of APi Group

Several hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC increased its position in APi Group by 0.3% in the second quarter. Commonwealth Equity Services LLC now owns 108,711 shares of the company’s stock worth $4,091,000 after buying an additional 323 shares during the period. AQR Capital Management LLC grew its position in shares of APi Group by 2.1% during the second quarter. AQR Capital Management LLC now owns 20,059 shares of the company’s stock worth $755,000 after acquiring an additional 406 shares during the last quarter. Equitable Trust Co. increased its holdings in shares of APi Group by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 20,325 shares of the company’s stock worth $671,000 after acquiring an additional 446 shares during the period. The Manufacturers Life Insurance Company lifted its position in APi Group by 0.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 57,718 shares of the company’s stock valued at $1,906,000 after purchasing an additional 450 shares during the last quarter. Finally, KBC Group NV boosted its stake in APi Group by 14.8% during the 3rd quarter. KBC Group NV now owns 5,601 shares of the company’s stock valued at $185,000 after purchasing an additional 721 shares during the period. Institutional investors own 86.62% of the company’s stock.

APi Group Stock Performance

Shares of NYSE:APG opened at $36.00 on Monday. The company has a market cap of $9.89 billion, a P/E ratio of -18.27 and a beta of 1.55. APi Group has a one year low of $30.26 and a one year high of $40.89. The business’s 50-day simple moving average is $36.51 and its 200 day simple moving average is $35.70. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51.

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

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.