APi Group Corporation (NYSE:APG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of APi Group Corporation (NYSE:APG) have been assigned an average rating of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $38.8095.

Several equities analysts have weighed in on the stock. Citigroup reiterated a “buy” rating and set a $45.00 price objective (up from $43.00) on shares of APi Group in a research report on Monday, December 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of APi Group in a research report on Monday, December 22nd. CJS Securities raised APi Group to a “strong-buy” rating in a research report on Thursday, December 11th. Zacks Research downgraded APi Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of APi Group in a research note on Tuesday, December 23rd.

APi Group Price Performance

NYSE APG opened at $40.52 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.41 and a debt-to-equity ratio of 0.84. APi Group has a 1 year low of $20.50 and a 1 year high of $41.59. The company has a market cap of $16.85 billion, a PE ratio of 110.51 and a beta of 1.70. The stock’s 50-day moving average price is $38.48 and its two-hundred day moving average price is $36.06.

APi Group (NYSE:APG) last announced its earnings results on Thursday, October 30th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.01 billion. APi Group had a net margin of 3.44% and a return on equity of 21.86%. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period last year, the company posted $0.51 earnings per share. On average, analysts predict that APi Group will post 1.83 EPS for the current year.

Insider Buying and Selling

In other APi Group news, Director Martin E. Franklin sold 340,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $36.09, for a total value of $12,270,600.00. Following the transaction, the director owned 18,968,790 shares in the company, valued at approximately $684,583,631.10. This represents a 1.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 900,000 shares of company stock worth $32,342,000 over the last quarter. Insiders own 17.00% of the company’s stock.

Hedge Funds Weigh In On APi Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of APi Group by 49.6% during the 3rd quarter. Vanguard Group Inc. now owns 35,138,767 shares of the company’s stock valued at $1,207,719,000 after acquiring an additional 11,644,990 shares during the last quarter. Durable Capital Partners LP boosted its position in APi Group by 40.2% during the third quarter. Durable Capital Partners LP now owns 14,898,178 shares of the company’s stock worth $512,050,000 after purchasing an additional 4,274,610 shares during the period. State Street Corp grew its holdings in APi Group by 50.6% during the third quarter. State Street Corp now owns 10,771,776 shares of the company’s stock valued at $370,226,000 after purchasing an additional 3,620,931 shares during the last quarter. Invesco Ltd. raised its position in shares of APi Group by 224.6% in the third quarter. Invesco Ltd. now owns 5,109,902 shares of the company’s stock valued at $175,627,000 after purchasing an additional 3,535,682 shares during the period. Finally, Norges Bank acquired a new stake in shares of APi Group in the second quarter worth $154,149,000. 86.62% of the stock is currently owned by hedge funds and other 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.