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

Shares of APi Group Corporation (NYSE:APG) have been given a consensus recommendation of “Moderate Buy” by the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $48.5714.

Several analysts have weighed in on APG shares. Truist Financial lifted their price objective on shares of APi Group from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Royal Bank Of Canada raised their target price on shares of APi Group from $45.00 to $53.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. UBS Group lifted their price target on shares of APi Group from $49.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Wall Street Zen cut APi Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Finally, Citigroup increased their price target on APi Group from $49.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th.

APi Group Stock Up 0.9%

APG stock opened at $48.95 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 1.43. The stock has a market capitalization of $21.17 billion, a price-to-earnings ratio of -64.69, a PEG ratio of 2.90 and a beta of 1.68. The business’s fifty day moving average price is $43.29 and its two-hundred day moving average price is $40.39. APi Group has a fifty-two week low of $24.00 and a fifty-two week high of $49.45.

APi Group (NYSE:APG) last announced its earnings results on Wednesday, February 25th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. APi Group had a net margin of 3.70% and a return on equity of 37.92%. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the previous year, the business posted $0.51 earnings per share. APi Group’s quarterly revenue was up 13.8% on a year-over-year basis. On average, equities analysts anticipate that APi Group will post 1.67 earnings per share for the current year.

Insider Activity

In related news, Director Ian G. H. Ashken sold 72,546 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $42.94, for a total value of $3,115,125.24. Following the completion of the transaction, the director owned 10,561,284 shares of the company’s stock, valued at $453,501,534.96. The trade was a 0.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James E. Lillie sold 83,629 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $42.94, for a total transaction of $3,591,029.26. Following the sale, the director directly owned 9,522,350 shares of the company’s stock, valued at $408,889,709. This represents a 0.87% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 3,682,000 shares of company stock worth $152,333,385. 18.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On APi Group

Hedge funds have recently bought and sold shares of the company. Sound Income Strategies LLC bought a new stake in shares of APi Group during the 4th quarter worth approximately $27,000. Clearstead Advisors LLC increased its stake in APi Group by 105.7% in the third quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock valued at $29,000 after acquiring an additional 427 shares during the last quarter. Silicon Valley Capital Partners raised its position in APi Group by 50.0% during the third quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock valued at $29,000 after purchasing an additional 286 shares in the last quarter. Parallel Advisors LLC raised its position in APi Group by 55.3% during the third quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock valued at $29,000 after purchasing an additional 297 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in APi Group by 1,851.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 761 shares of the company’s stock worth $29,000 after purchasing an additional 722 shares during the last quarter. 86.62% of the stock is owned by institutional investors.

APi Group Company Profile

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.