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

APi Group Co. (NYSE:APG) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $44.29.

A number of equities research analysts recently weighed in on APG shares. JPMorgan Chase & Co. boosted their price target on shares of APi Group from $31.00 to $35.00 and gave the company a “neutral” rating in a research report on Wednesday, March 6th. Royal Bank of Canada lifted their price objective on shares of APi Group from $36.00 to $45.00 and gave the company a “sector perform” rating in a research note on Monday, April 8th. Citigroup lifted their price objective on shares of APi Group from $43.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Jefferies Financial Group began coverage on shares of APi Group in a research note on Friday, March 15th. They issued a “buy” rating and a $48.00 price objective on the stock. Finally, Robert W. Baird lifted their price objective on shares of APi Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th.

APi Group Price Performance

Shares of APG opened at $36.94 on Friday. APi Group has a 1-year low of $21.65 and a 1-year high of $39.98. The stock has a market cap of $10.07 billion, a PE ratio of -48.60, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.43 and a quick ratio of 1.35. The firm has a fifty day moving average price of $38.16 and a 200 day moving average price of $33.45.

APi Group (NYSE:APG) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. APi Group had a net margin of 2.21% and a return on equity of 20.24%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the previous year, the company earned $0.25 earnings per share. APi Group’s quarterly revenue was down .8% compared to the same quarter last year. As a group, sell-side analysts anticipate that APi Group will post 1.87 EPS for the current year.

Insider Transactions at APi Group

In other news, CFO Kevin Krumm sold 5,585 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total transaction of $199,496.20. Following the transaction, the chief financial officer now directly owns 34,180 shares in the company, valued at $1,220,909.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other APi Group news, CFO Kevin Krumm sold 5,585 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total transaction of $199,496.20. Following the transaction, the chief financial officer now directly owns 34,180 shares in the company, valued at $1,220,909.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James E. Lillie sold 125,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $38.38, for a total transaction of $4,797,500.00. Following the transaction, the director now owns 5,455,411 shares in the company, valued at $209,378,674.18. The disclosure for this sale can be found here. Company insiders own 16.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jag Capital Management LLC increased its stake in shares of APi Group by 3.3% during the 4th quarter. Jag Capital Management LLC now owns 9,521 shares of the company’s stock worth $329,000 after purchasing an additional 301 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of APi Group by 3.3% in the first quarter. Fifth Third Bancorp now owns 11,016 shares of the company’s stock worth $433,000 after acquiring an additional 357 shares during the last quarter. Xponance Inc. lifted its position in shares of APi Group by 2.9% in the fourth quarter. Xponance Inc. now owns 12,738 shares of the company’s stock valued at $441,000 after acquiring an additional 365 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of APi Group by 43.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,280 shares of the company’s stock valued at $44,000 after acquiring an additional 390 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of APi Group by 0.3% during the fourth quarter. New York State Common Retirement Fund now owns 141,734 shares of the company’s stock valued at $4,904,000 after acquiring an additional 466 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

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.