APi Group (NYSE:APG) Upgraded at Royal Bank of Canada

Royal Bank of Canada upgraded shares of APi Group (NYSE:APG) from a sector perform rating to an outperform rating in a report issued on Tuesday morning, Marketbeat.com reports. The brokerage currently has $45.00 target price on the stock.

A number of other equities analysts have also recently commented on APG. Barclays lifted their price target on 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 lifted their target price on APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th. Citigroup dropped their price target on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday. Finally, William Blair reaffirmed an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, APi Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.14.

APi Group Stock Down 0.0 %

NYSE:APG opened at $37.36 on Tuesday. The firm has a market capitalization of $10.26 billion, a price-to-earnings ratio of -18.96 and a beta of 1.55. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. APi Group has a twelve month low of $31.16 and a twelve month high of $40.89. The stock’s 50 day moving average price is $37.05 and its two-hundred day moving average price is $35.55.

APi Group (NYSE:APG) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) 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 firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the firm posted $0.48 earnings per share. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities research analysts expect that APi Group will post 1.83 earnings per share for the current fiscal year.

Insider Activity

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of the firm’s stock in a transaction on 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 transaction, the director now owns 5,478,779 shares in the company, valued at $202,002,581.73. This trade represents a 0.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James E. Lillie sold 11,568 shares of APi Group stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.98, for a total value of $427,784.64. Following the completion of the transaction, the director now directly owns 1,134,635 shares of the company’s stock, valued at $41,958,802.30. This represents 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 currently owned by company insiders.

Institutional Trading of APi Group

Several large investors have recently modified their holdings of APG. Park Avenue Securities LLC lifted its position in APi Group by 48.0% during the fourth quarter. Park Avenue Securities LLC now owns 12,777 shares of the company’s stock worth $460,000 after purchasing an additional 4,144 shares during the period. ORG Wealth Partners LLC acquired a new position in shares of APi Group in the 4th quarter valued at approximately $34,000. Everence Capital Management Inc. bought a new stake in shares of APi Group during the 4th quarter worth approximately $288,000. Tidal Investments LLC boosted its position in shares of APi Group by 10.8% during the 3rd quarter. Tidal Investments LLC now owns 54,553 shares of the company’s stock worth $1,801,000 after acquiring an additional 5,337 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in APi Group in the third quarter valued at approximately $450,000. 86.62% of the stock is owned by institutional investors and hedge funds.

About APi Group

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.