APi Group (NYSE:APG) Stock Rating Upgraded by Royal Bank of Canada

APi Group (NYSE:APG) was upgraded by equities research analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a report released on Tuesday, Marketbeat reports. The brokerage presently has a $45.00 price target on the stock. Royal Bank of Canada’s price target indicates a potential upside of 20.42% from the company’s current price.

Several other analysts have also recently issued reports on APG. Robert W. Baird upped their price objective 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. Citigroup dropped their price target on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Monday. William Blair reiterated an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. Finally, Barclays upped their target price on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.14.

APi Group Price Performance

Shares of APi Group stock opened at $37.37 on Tuesday. The stock has a market capitalization of $10.27 billion, a P/E ratio of -18.97 and a beta of 1.55. The business has a 50 day simple moving average of $37.04 and a two-hundred day simple moving average of $35.53. APi Group has a 12 month low of $31.16 and a 12 month high of $40.89. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42.

APi Group (NYSE:APG) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the firm posted $0.48 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, analysts predict that APi Group will post 1.83 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Ian G. H. Ashken sold 53,868 shares of the 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 completion of the transaction, the director now directly owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. This represents a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James E. Lillie sold 11,568 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $36.98, for a total transaction of $427,784.64. Following the completion of the sale, the director now owns 1,134,635 shares in the company, valued at approximately $41,958,802.30. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.20% of the stock is owned by insiders.

Institutional Trading of APi Group

Institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its stake in APi Group by 19.2% during the third quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company’s stock worth $277,079,000 after purchasing an additional 1,351,013 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in APi Group by 4.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,901,296 shares of the company’s stock worth $227,881,000 after acquiring an additional 324,544 shares in the last quarter. Geode Capital Management LLC boosted its holdings in APi Group by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 3,730,499 shares of the company’s stock valued at $123,217,000 after acquiring an additional 106,119 shares during the period. State Street Corp grew its position in APi Group by 3.7% in the 3rd quarter. State Street Corp now owns 3,723,241 shares of the company’s stock valued at $122,941,000 after acquiring an additional 132,971 shares in the last quarter. Finally, Select Equity Group L.P. increased its stake in APi Group by 7.6% during the second quarter. Select Equity Group L.P. now owns 2,464,597 shares of the company’s stock worth $92,743,000 after purchasing an additional 173,544 shares during the period. Institutional investors and hedge funds own 86.62% of the company’s stock.

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.