Royal Bank Of Canada Reaffirms Outperform Rating for APi Group (NYSE:APG)

Royal Bank Of Canada restated their outperform rating on shares of APi Group (NYSE:APGFree Report) in a research report report published on Friday morning,Benzinga reports. They currently have a $52.00 target price on the stock.

A number of other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of APi Group in a research note on Tuesday. They set a “neutral” rating and a $46.00 price target for the company. Barclays lifted their price target on shares of APi Group from $48.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, May 30th. Robert W. Baird lifted their price target on shares of APi Group from $47.00 to $51.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. UBS Group lifted their price target on shares of APi Group from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, May 22nd. Finally, Citigroup dropped their price target on shares of APi Group from $46.00 to $42.00 and set a “buy” rating for the company in a research note on Monday, April 14th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, APi Group presently has an average rating of “Moderate Buy” and an average target price of $50.57.

View Our Latest Analysis on APi Group

APi Group Stock Performance

APi Group stock opened at $50.85 on Friday. The company’s 50-day moving average price is $45.17 and its 200-day moving average price is $39.77. APi Group has a twelve month low of $30.76 and a twelve month high of $51.95. The company has a quick ratio of 1.38, a current ratio of 1.47 and a debt-to-equity ratio of 0.92. The company has a market cap of $14.08 billion, a PE ratio of 110.55 and a beta of 1.58.

Shares of APi Group are going to split on the morning of Tuesday, July 1st. The 3-2 split was announced on Wednesday, May 21st. The newly created shares will be distributed to shareholders after the closing bell on Monday, June 30th.

APi Group (NYSE:APGGet Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. APi Group had a net margin of 3.36% and a return on equity of 20.99%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the firm posted $0.34 EPS. The business’s quarterly revenue was up 7.4% on a year-over-year basis. On average, equities research analysts forecast that APi Group will post 1.83 EPS for the current fiscal year.

Insider Buying and Selling at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 150,000 shares of the business’s stock in a transaction dated 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 sale, the director now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On APi Group

Hedge funds have recently modified their holdings of the business. Signaturefd LLC increased its stake in APi Group by 6.7% during the 1st quarter. Signaturefd LLC now owns 4,067 shares of the company’s stock valued at $145,000 after purchasing an additional 256 shares in the last quarter. Amalgamated Bank increased its stake in APi Group by 2.3% during the 1st quarter. Amalgamated Bank now owns 12,253 shares of the company’s stock valued at $438,000 after purchasing an additional 279 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in APi Group by 5.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,420 shares of the company’s stock valued at $194,000 after purchasing an additional 303 shares in the last quarter. Cresset Asset Management LLC increased its stake in APi Group by 3.6% during the 1st quarter. Cresset Asset Management LLC now owns 10,693 shares of the company’s stock valued at $382,000 after purchasing an additional 374 shares in the last quarter. Finally, EntryPoint Capital LLC increased its stake in APi Group by 3.9% during the 4th quarter. EntryPoint Capital LLC now owns 10,435 shares of the company’s stock valued at $375,000 after purchasing an additional 389 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

About APi Group

(Get Free Report)

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.

Further Reading

Analyst Recommendations for APi Group (NYSE:APG)

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