APi Group Co. (NYSE:APG) Given Average Rating of “Moderate Buy” by Analysts

Shares of APi Group Co. (NYSE:APG) have been given an average recommendation of “Moderate Buy” by the seven research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five 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 $44.00.

Several research firms have recently weighed in on APG. JPMorgan Chase & Co. decreased their price objective on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Robert W. Baird decreased their price target on APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Royal Bank of Canada reissued a “sector perform” rating and issued a $45.00 price objective on shares of APi Group in a research note on Friday, November 1st. Finally, Barclays raised their target price on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th.

Insider Buying and Selling

In other news, SVP Louis Lambert sold 5,679 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $36.04, for a total transaction of $204,671.16. Following the completion of the sale, the senior vice president now owns 2,421 shares in the company, valued at $87,252.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other APi Group news, SVP Louis Lambert sold 5,679 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $36.04, for a total value of $204,671.16. Following the transaction, the senior vice president now directly owns 2,421 shares of the company’s stock, valued at approximately $87,252.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Martin E. Franklin sold 178,346 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the sale, the director now directly owns 14,267,479 shares of the company’s stock, valued at approximately $503,071,309.54. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. First Horizon Advisors Inc. purchased a new stake in APi Group in the 3rd quarter valued at $26,000. Avior Wealth Management LLC bought a new stake in shares of APi Group in the 3rd quarter worth $33,000. J.Safra Asset Management Corp raised its holdings in shares of APi Group by 81.3% in the first quarter. J.Safra Asset Management Corp now owns 1,731 shares of the company’s stock valued at $68,000 after purchasing an additional 776 shares during the last quarter. Motco bought a new position in shares of APi Group during the first quarter valued at about $83,000. Finally, Triad Wealth Partners LLC purchased a new position in APi Group during the second quarter worth about $132,000. Institutional investors own 86.62% of the company’s stock.

APi Group Stock Up 1.0 %

Shares of NYSE:APG opened at $37.10 on Friday. The firm has a market cap of $10.19 billion, a P/E ratio of -18.83 and a beta of 1.54. APi Group has a 12-month low of $27.06 and a 12-month high of $39.98. The business has a fifty day simple moving average of $33.85 and a 200 day simple moving average of $35.65. 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 data on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 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 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 earnings per share. Analysts predict that APi Group will post 1.86 earnings per share for the current year.

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.