APi Group Corporation (NYSE:APG) Receives $52.14 Consensus Price Target from Analysts

APi Group Corporation (NYSE:APG) has been assigned an average rating of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $52.1429.

Several research firms have recently issued reports on APG. UBS Group raised their price objective on APi Group from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Royal Bank Of Canada raised their price target on APi Group from $45.00 to $53.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Citigroup reissued a “buy” rating and set a $53.00 price target (up from $52.00) on shares of APi Group in a research note on Friday, May 1st. Wall Street Zen raised APi Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Barclays reissued an “overweight” rating and set a $54.00 price target (up from $52.00) on shares of APi Group in a research note on Thursday, May 7th.

Insider Buying and Selling

In other news, Director Ian G. H. Ashken sold 65,534 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $45.49, for a total transaction of $2,981,141.66. Following the transaction, the director owned 9,477,284 shares in the company, valued at approximately $431,121,649.16. This trade represents a 0.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James E. Lillie sold 15,648 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $45.50, for a total value of $711,984.00. Following the transaction, the director owned 1,275,019 shares in the company, valued at approximately $58,013,364.50. This represents a 1.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 5,126,000 shares of company stock valued at $217,071,030. Insiders own 18.70% of the company’s stock.

Hedge Funds Weigh In On APi Group

Institutional investors have recently made changes to their positions in the company. Sound Income Strategies LLC purchased a new position in shares of APi Group during the fourth quarter valued at $27,000. Cornerstone Planning Group LLC increased its holdings in shares of APi Group by 14,720.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 741 shares of the company’s stock valued at $31,000 after acquiring an additional 736 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in shares of APi Group by 1,851.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 761 shares of the company’s stock valued at $29,000 after acquiring an additional 722 shares during the period. IFP Advisors Inc increased its holdings in shares of APi Group by 146.7% in the 4th quarter. IFP Advisors Inc now owns 824 shares of the company’s stock valued at $32,000 after acquiring an additional 490 shares during the period. Finally, Clearstead Advisors LLC increased its holdings in shares of APi Group by 105.7% in the 3rd 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 period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

APi Group Price Performance

Shares of APi Group stock opened at $42.09 on Thursday. The stock has a 50 day moving average of $43.67 and a 200 day moving average of $41.71. APi Group has a 12 month low of $30.00 and a 12 month high of $49.99. The firm has a market cap of $18.24 billion, a PE ratio of -59.28, a PEG ratio of 2.42 and a beta of 1.67. The company has a current ratio of 1.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.79.

APi Group (NYSE:APG) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.92 billion. APi Group had a return on equity of 37.63% and a net margin of 3.85%.The firm’s revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.37 earnings per share. On average, research analysts expect that APi Group will post 1.7 EPS for the current fiscal year.

About APi Group

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.