APi Group Co. (NYSE:APG) Receives $43.71 Consensus Price Target from Brokerages

APi Group Co. (NYSE:APG) has earned an average rating of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $43.71.

APG has been the subject of a number of analyst reports. William Blair reiterated an “outperform” rating on shares of APi Group in a research report on Thursday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $45.00 price objective on shares of APi Group in a report on Friday, November 1st. Robert W. Baird raised their target price 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. Finally, Barclays upped their price target on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th.

APi Group Trading Down 0.3 %

Shares of NYSE:APG opened at $38.60 on Thursday. 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 company’s 50-day moving average price is $35.11 and its 200 day moving average price is $35.62. The company has a market cap of $10.61 billion, a PE ratio of -19.59 and a beta of 1.55. APi Group has a fifty-two week low of $30.15 and a fifty-two week high of $40.89.

APi Group (NYSE:APG) last released its quarterly earnings results 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 analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. Sell-side analysts anticipate that APi Group will post 1.86 earnings per share for the current year.

Insider Buying and Selling at APi Group

In other news, 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 transaction of $427,784.64. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ian G. H. Ashken sold 53,868 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total value of $1,986,113.16. Following the completion of the transaction, the director now owns 5,478,779 shares of the company’s stock, valued at $202,002,581.73. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in APG. First Horizon Advisors Inc. purchased a new stake in shares of APi Group in the 3rd quarter valued at approximately $26,000. Avior Wealth Management LLC acquired a new stake in APi Group during the 3rd quarter valued at $33,000. J.Safra Asset Management Corp lifted its holdings in shares of APi Group by 21.5% in the second quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock valued at $79,000 after purchasing an additional 373 shares in the last quarter. Triad Wealth Partners LLC acquired a new stake in shares of APi Group in the second quarter worth $132,000. Finally, SG Americas Securities LLC purchased a new position in shares of APi Group during the third quarter valued at $165,000. 86.62% of the stock is currently 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.