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

Shares of APi Group Co. (NYSE:APG) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $43.43.

Several equities analysts have recently issued reports on APG shares. Citigroup lifted their price target on APi Group from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Robert W. Baird boosted their price target on shares of APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. Barclays upped their price target on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Royal Bank of Canada reaffirmed 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, William Blair reissued an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th.

Insider Activity

In related news, Director James E. Lillie sold 11,568 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $36.98, for a total transaction of $427,784.64. Following the transaction, the director now owns 1,134,635 shares of the company’s stock, valued at approximately $41,958,802.30. This trade represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ian G. H. Ashken sold 53,868 shares of APi Group stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 18.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. First Horizon Advisors Inc. acquired a new position in shares of APi Group during the 3rd quarter valued at about $26,000. Avior Wealth Management LLC bought a new stake in APi Group during the third quarter worth approximately $33,000. SG Americas Securities LLC acquired a new position in APi Group during the third quarter valued at approximately $165,000. KBC Group NV grew its holdings in APi Group by 14.8% during the third quarter. KBC Group NV now owns 5,601 shares of the company’s stock valued at $185,000 after purchasing an additional 721 shares during the last quarter. Finally, Aigen Investment Management LP bought a new position in shares of APi Group in the third quarter valued at approximately $206,000. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Stock Performance

APG stock opened at $36.00 on Monday. The company has a 50-day simple moving average of $36.51 and a 200 day simple moving average of $35.70. The company has a market capitalization of $9.89 billion, a P/E ratio of -18.27 and a beta of 1.55. 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 has a fifty-two week low of $30.26 and a fifty-two week high of $40.89.

APi Group (NYSE:APG) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the business posted $0.48 EPS. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. Sell-side analysts predict that APi Group will post 1.83 earnings per share for the current fiscal year.

About APi Group

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.