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

Shares of APi Group Co. (NYSE:APG) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $43.14.

APG has been the subject of a number of recent analyst reports. Barclays dropped their price objective on APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Robert W. Baird upped their price target on APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Truist Financial restated a “buy” rating and issued a $48.00 price objective (up previously from $45.00) on shares of APi Group in a report on Thursday, February 27th. UBS Group lowered their target price on shares of APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, Royal Bank of Canada upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research note on Tuesday, January 14th.

Insiders Place Their Bets

In related news, Director James E. Lillie sold 50,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $37.97, for a total transaction 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 represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 17.00% of the company’s stock.

Institutional Trading of APi Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. raised its stake in APi Group by 92.3% during the fourth quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after acquiring an additional 386 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of APi Group in the fourth quarter worth approximately $34,000. First Horizon Advisors Inc. boosted its stake in shares of APi Group by 53.4% in the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock valued at $43,000 after purchasing an additional 414 shares during the last quarter. GAMMA Investing LLC grew its holdings in APi Group by 105.5% during the 1st quarter. GAMMA Investing LLC now owns 1,529 shares of the company’s stock worth $55,000 after acquiring an additional 785 shares during the period. Finally, Versant Capital Management Inc increased its holdings in APi Group by 339.0% in the first quarter. Versant Capital Management Inc now owns 1,633 shares of the company’s stock worth $58,000 after purchasing an additional 1,261 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

APi Group Stock Performance

APi Group stock opened at $42.29 on Friday. APi Group has a 12-month low of $30.76 and a 12-month high of $42.54. The stock has a 50-day simple moving average of $36.35 and a 200 day simple moving average of $36.75. The stock has a market capitalization of $11.68 billion, a price-to-earnings ratio of -21.47 and a beta of 1.55. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96.

APi Group (NYSE:APG) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. The business had revenue of $1.72 billion for 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%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.34 earnings per share. On average, research analysts anticipate that APi Group will post 1.83 earnings per share for the current fiscal year.

About APi Group

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.