APi Group (NYSE:APG) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

APi Group (NYSE:APG) had its target price increased by investment analysts at JPMorgan Chase & Co. from $39.00 to $46.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 0.26% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. 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 note on Thursday, February 27th. Citigroup reduced their price objective on APi Group from $46.00 to $42.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Barclays boosted their price objective on APi Group from $43.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, May 5th. Truist Financial restated a “buy” rating and issued a $48.00 target price (up from $45.00) on shares of APi Group in a research note on Thursday, February 27th. Finally, UBS Group decreased their price target on shares of APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.57.

APi Group Stock Up 0.2%

Shares of APG stock opened at $45.88 on Friday. APi Group has a 12 month low of $30.76 and a 12 month high of $46.18. 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 firm has a market cap of $12.70 billion, a PE ratio of -23.29 and a beta of 1.54. The stock has a 50 day moving average of $37.76 and a 200-day moving average of $37.50.

APi Group (NYSE:APG) last released its earnings results on Thursday, May 1st. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.35 by $0.02. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.66 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 EPS. On average, equities analysts predict that APi Group will post 1.83 EPS for the current year.

Insider Buying and Selling

In other APi Group news, Director Ian G. H. Ashken sold 150,000 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $42.72, for a total value of $6,408,000.00. Following the sale, the director now directly owns 5,612,102 shares in the company, valued at $239,748,997.44. This represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $1,898,500.00. Following the transaction, the director now directly owns 1,046,203 shares of the company’s stock, valued at approximately $39,724,327.91. The trade was a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. 17.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On APi Group

Several institutional investors have recently added to or reduced their stakes in APG. Capital Research Global Investors grew its stake in APi Group by 118.2% during the fourth quarter. Capital Research Global Investors now owns 10,947,284 shares of the company’s stock worth $393,774,000 after buying an additional 5,931,314 shares during the last quarter. Durable Capital Partners LP grew its position in APi Group by 78.0% during the 1st quarter. Durable Capital Partners LP now owns 8,911,171 shares of the company’s stock worth $318,663,000 after acquiring an additional 3,903,632 shares during the last quarter. Artisan Partners Limited Partnership bought a new stake in APi Group during the 4th quarter worth approximately $125,407,000. T. Rowe Price Investment Management Inc. increased its holdings in APi Group by 75.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,767,246 shares of the company’s stock valued at $241,997,000 after purchasing an additional 2,906,783 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in APi Group by 479,614.2% in the 1st quarter. Bessemer Group Inc. now owns 2,878,285 shares of the company’s stock valued at $102,929,000 after purchasing an additional 2,877,685 shares during the last quarter. 86.62% of the stock is owned by institutional investors.

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.