Barclays Issues Positive Forecast for APi Group (NYSE:APG) Stock Price

APi Group (NYSE:APG) had its price objective lifted by Barclays from $42.00 to $44.00 in a research report sent to investors on Monday, Marketbeat.com reports. They currently have an overweight rating on the stock.

Several other research firms have also commented on APG. Wall Street Zen raised APi Group from a “hold” rating to a “buy” rating in a research report on Sunday, July 13th. Weiss Ratings reissued a “hold (c)” rating on shares of APi Group in a research report on Thursday, October 30th. Citigroup boosted their price target on APi Group from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. raised APi Group from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $31.00 to $42.00 in a research report on Tuesday, July 15th. Finally, Zacks Research lowered APi Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, APi Group has an average rating of “Moderate Buy” and an average price target of $38.52.

APi Group Trading Down 2.9%

APG opened at $35.74 on Monday. The firm has a market cap of $14.87 billion, a price-to-earnings ratio of 97.49 and a beta of 1.63. The company has a current ratio of 1.48, a quick ratio of 1.41 and a debt-to-equity ratio of 0.84. APi Group has a 12 month low of $20.50 and a 12 month high of $37.04. The stock has a fifty day moving average price of $34.90 and a 200-day moving average price of $33.11.

APi Group (NYSE:APG) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.01 billion. APi Group had a return on equity of 21.86% and a net margin of 3.44%.The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 EPS. APi Group has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that APi Group will post 1.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director James E. Lillie sold 190,000 shares of the business’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $34.88, for a total transaction of $6,627,200.00. Following the transaction, the director directly owned 7,443,101 shares in the company, valued at $259,615,362.88. The trade was a 2.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Martin E. Franklin sold 1,200,000 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $34.64, for a total value of $41,568,000.00. Following the transaction, the director owned 19,868,790 shares in the company, valued at approximately $688,254,885.60. This trade represents a 5.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,785,000 shares of company stock worth $62,091,327 in the last ninety days. 17.00% of the stock is owned by insiders.

Institutional Trading of APi Group

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in APi Group by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 23,493,777 shares of the company’s stock valued at $1,199,357,000 after purchasing an additional 453,543 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in APi Group by 4.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,249,205 shares of the company’s stock valued at $581,073,000 after purchasing an additional 621,761 shares during the last quarter. Durable Capital Partners LP grew its stake in APi Group by 19.2% during the 2nd quarter. Durable Capital Partners LP now owns 10,623,568 shares of the company’s stock valued at $542,333,000 after purchasing an additional 1,712,397 shares during the last quarter. State Street Corp grew its stake in APi Group by 83.2% during the 2nd quarter. State Street Corp now owns 7,150,845 shares of the company’s stock valued at $365,051,000 after purchasing an additional 3,247,126 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its stake 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 during the last quarter. 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.