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

Shares of APi Group Co. (NYSE:APG) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $43.86.

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada raised APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research note on Tuesday, January 14th. Barclays increased their price objective on APi Group from $43.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday. Citigroup cut their price target on APi Group from $46.00 to $42.00 and set a “buy” rating for the company in a report on Monday, April 14th. UBS Group decreased their target price on shares of APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Finally, Robert W. Baird increased their price objective on APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th.

Insider Activity

In other news, Director Ian G. H. Ashken sold 150,000 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $42.72, for a total value of $6,408,000.00. Following the completion of the transaction, the director now owns 5,612,102 shares of the company’s stock, valued at $239,748,997.44. The trade was a 2.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James E. Lillie sold 50,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $37.97, for a total value of $1,898,500.00. Following the completion of the sale, the director now owns 1,046,203 shares of the company’s stock, valued at $39,724,327.91. This trade represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 17.00% of the stock is currently owned by insiders.

Institutional Trading of APi Group

Several hedge funds have recently bought and sold shares of the stock. Strategic Financial Concepts LLC lifted its position in shares of APi Group by 2,058.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock worth $82,000 after purchasing an additional 217,071 shares in the last quarter. SG Americas Securities LLC lifted its position in APi Group by 325.6% during the fourth quarter. SG Americas Securities LLC now owns 21,231 shares of the company’s stock worth $764,000 after acquiring an additional 16,242 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in APi Group by 24.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 89,897 shares of the company’s stock worth $3,236,000 after purchasing an additional 17,404 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of APi Group in the fourth quarter valued at about $511,000. Finally, Everence Capital Management Inc. acquired a new position in shares of APi Group during the 4th quarter worth approximately $288,000. 86.62% of the stock is currently owned by institutional investors and hedge funds.

APi Group Stock Performance

Shares of NYSE APG opened at $43.89 on Friday. The stock’s fifty day simple moving average is $36.69 and its 200 day simple moving average is $36.98. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $12.15 billion, a price-to-earnings ratio of -22.28 and a beta of 1.54. APi Group has a 52-week low of $30.76 and a 52-week high of $44.37.

APi Group (NYSE:APG) last issued its earnings results on Thursday, May 1st. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.35 by $0.02. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.66 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. APi Group’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. As a group, sell-side analysts forecast that APi Group will post 1.83 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.