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

APi Group Co. (NYSE:APG) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $43.86.

Several analysts have recently weighed in on the stock. Barclays reduced their price objective on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. 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. Finally, JPMorgan Chase & Co. lowered their price objective on APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd.

APi Group Stock Performance

Shares of APG stock opened at $35.21 on Friday. The company has a market cap of $9.66 billion, a P/E ratio of -16.38, a PEG ratio of 0.99 and a beta of 1.56. The firm has a fifty day moving average price of $35.08 and a 200 day moving average price of $36.84. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 1.00. APi Group has a 12 month low of $24.61 and a 12 month high of $39.98.

APi Group (NYSE:APG) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. APi Group had a return on equity of 36.53% and a net margin of 2.81%. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the prior year, the firm posted $0.41 EPS. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. Sell-side analysts predict that APi Group will post 1.87 earnings per share for the current fiscal year.

Insider Transactions at APi Group

In related news, SVP Louis Lambert sold 5,679 shares of the company’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 value of $204,671.16. Following the sale, the senior vice president now owns 2,421 shares of the company’s stock, valued at approximately $87,252.84. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Ian G. H. Ashken sold 150,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $33.03, for a total transaction of $4,954,500.00. Following the completion of the transaction, the director now owns 5,678,779 shares of the company’s stock, valued at approximately $187,570,070.37. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Louis Lambert sold 5,679 shares of the 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 transaction, the senior vice president now directly owns 2,421 shares in the company, valued at approximately $87,252.84. The disclosure for this sale can be found here. Insiders sold 340,358 shares of company stock valued at $11,653,157 in the last 90 days. 16.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. increased its stake in APi Group by 43.8% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,280 shares of the company’s stock worth $44,000 after buying an additional 390 shares during the period. Whittier Trust Co. boosted its stake in APi Group by 100.9% during the 1st quarter. Whittier Trust Co. now owns 1,497 shares of the company’s stock valued at $59,000 after purchasing an additional 752 shares during the period. J.Safra Asset Management Corp increased its position in APi Group by 81.3% in the 1st quarter. J.Safra Asset Management Corp now owns 1,731 shares of the company’s stock valued at $68,000 after acquiring an additional 776 shares during the period. Motco bought a new stake in shares of APi Group during the first quarter valued at about $83,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of APi Group in the 2nd quarter worth approximately $132,000. 86.62% of the stock is owned by hedge funds and other institutional investors.

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.