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

Shares of APi Group Co. (NYSE:APG) have been given a consensus rating of “Moderate Buy” by the nine brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $43.38.

APG has been the subject of several research reports. Truist Financial started coverage on shares of APi Group in a research note on Wednesday. They set a “buy” rating and a $45.00 price objective for the company. Royal Bank of Canada raised APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a report on Tuesday, January 14th. Citigroup reduced their price objective on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, January 13th. William Blair reiterated an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. Finally, Barclays raised their price target on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th.

Insider Activity

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of the company’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 completion of the transaction, the director now directly owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. This represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James E. Lillie sold 11,568 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the sale, the director now owns 1,134,635 shares of the company’s stock, valued at approximately $41,958,802.30. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 18.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. lifted its holdings in APi Group by 15.9% in the second quarter. American Century Companies Inc. now owns 21,686 shares of the company’s stock valued at $816,000 after acquiring an additional 2,968 shares during the last quarter. Envestnet Asset Management Inc. raised its position in APi Group by 8.5% in the second quarter. Envestnet Asset Management Inc. now owns 326,207 shares of the company’s stock valued at $12,275,000 after purchasing an additional 25,655 shares during the period. Amalgamated Bank lifted its stake in shares of APi Group by 75.9% in the 2nd quarter. Amalgamated Bank now owns 12,459 shares of the company’s stock valued at $469,000 after purchasing an additional 5,377 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of APi Group by 86.8% during the 2nd quarter. Hsbc Holdings PLC now owns 29,751 shares of the company’s stock worth $1,131,000 after purchasing an additional 13,827 shares during the period. Finally, Sei Investments Co. increased its position in shares of APi Group by 25.5% during the 2nd quarter. Sei Investments Co. now owns 376,285 shares of the company’s stock worth $14,160,000 after purchasing an additional 76,337 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

APi Group Price Performance

NYSE APG opened at $38.12 on Friday. APi Group has a 12-month low of $31.44 and a 12-month high of $40.89. The firm’s fifty day simple moving average is $37.15 and its two-hundred day simple moving average is $35.59. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $10.47 billion, a P/E ratio of -19.35 and a beta of 1.55.

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

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.