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

APi Group Co. (NYSE:APG) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $43.86.

A number of research firms have weighed in on APG. Barclays lowered their price objective on APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Robert W. Baird lowered their price target on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd.

Insider Activity at APi Group

In other news, SVP Louis Lambert sold 5,679 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $36.04, for a total value of $204,671.16. Following the sale, the senior vice president now directly owns 2,421 shares of the company’s stock, valued at approximately $87,252.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Ian G. H. Ashken sold 150,000 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $33.03, for a total transaction of $4,954,500.00. Following the transaction, the director now owns 5,678,779 shares of the company’s stock, valued at approximately $187,570,070.37. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Louis Lambert sold 5,679 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $36.04, for a total value of $204,671.16. Following the transaction, the senior vice president now owns 2,421 shares of the company’s stock, valued at $87,252.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 340,358 shares of company stock worth $11,653,157. Company insiders own 16.40% of the company’s stock.

Institutional Trading of APi Group

Hedge funds have recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of APi Group during the fourth quarter worth $204,000. Vanguard Personalized Indexing Management LLC purchased a new stake in APi Group during the 4th quarter worth about $245,000. Norges Bank acquired a new stake in APi Group in the 4th quarter valued at about $77,071,000. PNC Financial Services Group Inc. boosted its stake in shares of APi Group by 51.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 34,953 shares of the company’s stock valued at $1,209,000 after buying an additional 11,878 shares during the period. Finally, UBS Group AG boosted its stake in shares of APi Group by 34.0% in the 4th quarter. UBS Group AG now owns 307,115 shares of the company’s stock valued at $10,626,000 after buying an additional 77,884 shares during the period. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Stock Performance

NYSE:APG opened at $35.21 on Friday. The company has a market cap of $9.66 billion, a P/E ratio of -16.38, a P/E/G ratio of 0.99 and a beta of 1.56. APi Group has a twelve month low of $24.61 and a twelve month high of $39.98. The company’s 50-day moving average price is $35.08 and its 200-day moving average price is $36.84. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 1.00.

APi Group (NYSE:APG) last released its earnings results on Thursday, August 1st. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.79 billion. APi Group had a net margin of 2.81% and a return on equity of 36.53%. The business’s revenue was down 2.3% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS. On average, sell-side analysts forecast that APi Group will post 1.87 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.