APi Group Co. (NYSE:APG) Receives $43.43 Average Price Target from Analysts

Shares of APi Group Co. (NYSE:APG) have earned an average rating of “Moderate Buy” from the eight analysts that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $43.43.

APG has been the subject of a number of research reports. Citigroup upped their target price on shares of APi Group from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Royal Bank of Canada reissued a “sector perform” rating and issued a $45.00 target price on shares of APi Group in a research note on Friday, November 1st. William Blair reaffirmed an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Barclays lifted their price target on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Robert W. Baird increased their price target on shares of APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, November 26th.

APi Group Stock Up 2.0 %

APG stock opened at $36.65 on Monday. APi Group has a 52 week low of $30.26 and a 52 week high of $40.89. 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 firm has a 50-day simple moving average of $36.75 and a 200-day simple moving average of $35.62. The stock has a market capitalization of $10.07 billion, a P/E ratio of -18.60 and a beta of 1.55.

APi Group (NYSE:APG) last announced its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.87 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 earnings per share. Equities analysts forecast that APi Group will post 1.83 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Ian G. H. Ashken sold 53,868 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the sale, the director now owns 5,478,779 shares of the company’s stock, valued at approximately $202,002,581.73. This represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James E. Lillie sold 11,568 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the transaction, the director now directly owns 1,134,635 shares of the company’s stock, valued at $41,958,802.30. The trade was a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 18.20% of the company’s stock.

Hedge Funds Weigh In On APi Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC grew its holdings in APi Group by 0.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 108,711 shares of the company’s stock worth $4,091,000 after acquiring an additional 323 shares in the last quarter. AQR Capital Management LLC increased its holdings in APi Group by 2.1% in the second quarter. AQR Capital Management LLC now owns 20,059 shares of the company’s stock valued at $755,000 after buying an additional 406 shares during the last quarter. Equitable Trust Co. lifted its holdings in APi Group by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 20,325 shares of the company’s stock worth $671,000 after buying an additional 446 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of APi Group by 0.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 57,718 shares of the company’s stock valued at $1,906,000 after acquiring an additional 450 shares during the last quarter. Finally, KBC Group NV raised its position in shares of APi Group by 14.8% during the 3rd quarter. KBC Group NV now owns 5,601 shares of the company’s stock worth $185,000 after acquiring an additional 721 shares in the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.

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.