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

Shares of APi Group Co. (NYSE:APG) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $44.00.

A number of equities analysts recently commented on APG shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $45.00 price target on shares of APi Group in a report on Friday, November 1st. Barclays upped their price objective 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. JPMorgan Chase & Co. reduced their target price on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, Robert W. Baird lowered their price target on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd.

APi Group Trading Up 1.0 %

Shares of NYSE:APG opened at $37.10 on Friday. The stock has a market capitalization of $10.19 billion, a PE ratio of -18.83 and a beta of 1.54. The company’s 50-day moving average price is $33.85 and its two-hundred day moving average price is $35.65. 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 has a one year low of $27.06 and a one year high of $39.98.

APi Group (NYSE:APG) last posted 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. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the company earned $0.48 earnings per share. On average, equities analysts forecast that APi Group will post 1.86 EPS for the current fiscal year.

Insider Transactions at APi Group

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

Hedge Funds Weigh In On APi Group

Institutional investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. bought a new stake in shares of APi Group during the third quarter worth $26,000. Avior Wealth Management LLC bought a new stake in APi Group during the 3rd quarter worth $33,000. J.Safra Asset Management Corp increased its holdings 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 worth $68,000 after purchasing an additional 776 shares in the last quarter. Motco bought a new position in APi Group in the first quarter valued at about $83,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of APi Group during the second quarter valued at about $132,000. 86.62% of the stock is currently owned by institutional investors and hedge funds.

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.