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

Shares of APi Group Co. (NYSE:APG) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $43.86.

A number of brokerages have recently issued reports on APG. JPMorgan Chase & Co. dropped their price objective on APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Robert W. Baird dropped their price target on APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Finally, Barclays dropped their price target 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.

APi Group Stock Down 1.6 %

Shares of NYSE:APG opened at $33.79 on Wednesday. The company has a market capitalization of $9.27 billion, a price-to-earnings ratio of -15.72 and a beta of 1.55. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.48 and a quick ratio of 1.38. The business’s 50-day moving average is $33.92 and its 200-day moving average is $35.96. APi Group has a 1 year low of $24.98 and a 1 year high of $39.98.

APi Group (NYSE:APG) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.79 billion. APi Group had a return on equity of 36.53% and a net margin of 2.81%. The firm’s revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 EPS. Equities research analysts predict that APi Group will post 1.86 earnings per share for the current year.

Insiders Place Their Bets

In other APi Group news, SVP Louis Lambert sold 5,679 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $36.04, for a total transaction of $204,671.16. Following the completion of the sale, the senior vice president now directly owns 2,421 shares of the company’s stock, valued at approximately $87,252.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other APi Group news, SVP Louis Lambert sold 5,679 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $36.04, for a total transaction of $204,671.16. Following the completion of the sale, the senior vice president now directly owns 2,421 shares of the company’s stock, valued at approximately $87,252.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Martin E. Franklin sold 178,346 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total value of $6,288,479.96. Following the sale, the director now directly owns 14,267,479 shares of the company’s stock, valued at $503,071,309.54. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 340,358 shares of company stock valued at $11,653,157. Corporate insiders own 16.40% of the company’s stock.

Institutional Trading of APi Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its holdings in shares of APi Group by 6,312.4% in the first quarter. Janus Henderson Group PLC now owns 4,884,712 shares of the company’s stock valued at $191,822,000 after acquiring an additional 4,808,536 shares in the last quarter. Blackstone Inc. bought a new position in shares of APi Group in the first quarter valued at approximately $139,191,000. Capital Research Global Investors grew its holdings in shares of APi Group by 271.2% in the first quarter. Capital Research Global Investors now owns 4,321,383 shares of the company’s stock valued at $169,701,000 after acquiring an additional 3,157,283 shares in the last quarter. Cooke & Bieler LP grew its holdings in shares of APi Group by 218.9% in the second quarter. Cooke & Bieler LP now owns 2,884,540 shares of the company’s stock valued at $108,545,000 after acquiring an additional 1,979,931 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of APi Group by 10.2% in the fourth quarter. Vanguard Group Inc. now owns 20,790,443 shares of the company’s stock valued at $719,349,000 after acquiring an additional 1,930,059 shares in the last quarter. 86.62% of the stock is owned by institutional investors.

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.