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

APi Group Co. (NYSE:APG) has received an average rating of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $43.38.

A number of analysts have recently issued reports on APG shares. Royal Bank of Canada raised APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research note on Tuesday, January 14th. Robert W. Baird lifted their price target on APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th. Truist Financial started coverage on APi Group in a research note on Wednesday, January 22nd. They set a “buy” rating and a $45.00 price objective on the stock. Citigroup lowered their price objective on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, William Blair reissued an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th.

APi Group Stock Up 0.3 %

APi Group stock opened at $37.09 on Friday. The stock has a market capitalization of $10.19 billion, a PE ratio of -18.83 and a beta of 1.55. APi Group has a 12 month low of $31.44 and a 12 month high of $40.89. The business has a 50 day simple moving average of $37.27 and a 200-day simple moving average of $35.59. 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 issued its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. The firm 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 business’s revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 earnings per share. On average, analysts anticipate that APi Group will post 1.83 EPS for the current fiscal year.

Insider Activity

In other news, Director Ian G. H. Ashken sold 53,868 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total value of $1,986,113.16. Following the transaction, the director now owns 5,478,779 shares of the company’s stock, valued at $202,002,581.73. This represents a 0.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James E. Lillie sold 11,568 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.98, for a total value of $427,784.64. Following the completion of the transaction, the director now directly owns 1,134,635 shares in the company, valued at approximately $41,958,802.30. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 18.20% of the company’s stock.

Institutional Investors Weigh In On APi Group

Several institutional investors and hedge funds have recently modified their holdings of APG. First Horizon Advisors Inc. purchased a new stake in shares of APi Group in the 3rd quarter valued at $26,000. Blue Trust Inc. raised its holdings in shares of APi Group by 92.3% in the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock valued at $27,000 after buying an additional 386 shares during the period. Avior Wealth Management LLC purchased a new stake in shares of APi Group in the 3rd quarter valued at $33,000. ORG Wealth Partners LLC purchased a new stake in shares of APi Group in the 4th quarter valued at $34,000. Finally, Strategic Financial Concepts LLC raised its holdings in shares of APi Group by 2,058.1% in the 4th quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock valued at $82,000 after buying an additional 217,071 shares during the period. Hedge funds and other institutional investors 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.