APi Group (NYSE:APG) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of APi Group (NYSE:APG) from a neutral rating to an overweight rating in a research report sent to investors on Tuesday, Marketbeat.com reports. The brokerage currently has $42.00 target price on the stock, up from their prior target price of $31.00.

Several other equities research analysts have also commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $34.67 price target on shares of APi Group in a report on Friday, June 27th. Robert W. Baird upped their price target on shares of APi Group from $31.33 to $34.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd. Citigroup lowered their price target on shares of APi Group from $30.67 to $28.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Barclays lowered their price target on shares of APi Group to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, July 9th. Finally, Truist Financial upped their price target on shares of APi Group from $32.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, May 22nd. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $35.81.

APi Group Price Performance

NYSE APG opened at $34.68 on Tuesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.47 and a quick ratio of 1.38. The stock’s fifty day moving average price is $32.43 and its 200 day moving average price is $27.43. APi Group has a 1 year low of $20.50 and a 1 year high of $35.12. The company has a market cap of $14.40 billion, a price-to-earnings ratio of 113.10 and a beta of 1.58.

APi Group (NYSE:APG) last released its earnings results on Thursday, May 1st. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. APi Group had a return on equity of 20.99% and a net margin of 3.36%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the prior year, the firm earned $0.23 EPS. The firm’s revenue was up 7.4% on a year-over-year basis. As a group, equities research analysts forecast that APi Group will post 1.83 earnings per share for the current year.

Insider Activity

In related news, Director Ian G. H. Ashken sold 225,000 shares of the firm’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $28.48, for a total value of $6,408,000.00. Following the transaction, the director directly owned 8,418,153 shares of the company’s stock, valued at approximately $239,748,997.44. This trade represents a 2.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 17.00% of the stock is currently owned by insiders.

Institutional Trading of APi Group

A number of hedge funds have recently bought and sold shares of the business. Campbell Newman Asset Management Inc. increased its holdings in shares of APi Group by 7.1% during the 2nd quarter. Campbell Newman Asset Management Inc. now owns 50,576 shares of the company’s stock worth $2,582,000 after buying an additional 3,347 shares during the last quarter. Kirr Marbach & Co. LLC IN increased its holdings in shares of APi Group by 0.6% during the 2nd quarter. Kirr Marbach & Co. LLC IN now owns 183,205 shares of the company’s stock worth $9,353,000 after buying an additional 1,174 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of APi Group during the 2nd quarter worth approximately $1,276,000. Public Employees Retirement System of Ohio increased its holdings in shares of APi Group by 6.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 77,802 shares of the company’s stock worth $3,972,000 after buying an additional 4,919 shares during the last quarter. Finally, Accurate Wealth Management LLC acquired a new stake in shares of APi Group during the 2nd quarter worth approximately $389,000. Institutional investors and hedge funds 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.