APi Group Co. (NYSE:APG) Receives Consensus Rating of “Moderate Buy” from Analysts

APi Group Co. (NYSE:APG) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $43.14.

A number of research firms have weighed in on APG. Truist Financial reissued a “buy” rating and issued a $48.00 price objective (up from $45.00) on shares of APi Group in a research report on Thursday, February 27th. Barclays dropped their target price on APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Royal Bank of Canada upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research report on Tuesday, January 14th. Robert W. Baird increased their target price on shares of APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Finally, UBS Group lowered their price target on APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th.

APi Group Stock Up 4.8 %

Shares of NYSE:APG opened at $42.29 on Friday. The stock’s fifty day simple moving average is $36.35 and its 200-day simple moving average is $36.75. 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 has a market capitalization of $11.68 billion, a P/E ratio of -21.47 and a beta of 1.55. APi Group has a 52-week low of $30.76 and a 52-week high of $42.54.

APi Group (NYSE:APG) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the company posted $0.34 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. As a group, equities research analysts forecast that APi Group will post 1.83 earnings per share for the current fiscal year.

Insider Activity at APi Group

In other APi Group news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the completion of the sale, the director now owns 1,046,203 shares of the company’s stock, valued at $39,724,327.91. This trade represents a 4.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 17.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Dynasty Wealth Management LLC raised its holdings in shares of APi Group by 3.5% during the 1st quarter. Dynasty Wealth Management LLC now owns 14,474 shares of the company’s stock valued at $518,000 after purchasing an additional 495 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in shares of APi Group by 3.3% in the first quarter. Verdence Capital Advisors LLC now owns 79,825 shares of the company’s stock worth $2,855,000 after acquiring an additional 2,539 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of APi Group by 308.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 670,139 shares of the company’s stock worth $23,964,000 after purchasing an additional 505,979 shares during the period. Signaturefd LLC raised its holdings in APi Group by 6.7% in the 1st quarter. Signaturefd LLC now owns 4,067 shares of the company’s stock valued at $145,000 after acquiring an additional 256 shares in the last quarter. Finally, CWM LLC raised its stake in shares of APi Group by 4.7% in the first quarter. CWM LLC now owns 12,881 shares of the company’s stock valued at $461,000 after purchasing an additional 576 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

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.