APi Group Corporation (NYSE:APG) Given Average Rating of “Moderate Buy” by Analysts

Shares of APi Group Corporation (NYSE:APG) have been assigned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $38.8095.

A number of analysts recently weighed in on the stock. Barclays upped their price objective on shares of APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. Citigroup reaffirmed a “buy” rating and issued a $45.00 price target (up previously from $43.00) on shares of APi Group in a research report on Monday, December 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of APi Group in a research note on Monday, December 8th. Finally, Zacks Research downgraded shares of APi Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th.

APi Group Stock Down 1.9%

Shares of NYSE APG opened at $39.63 on Monday. APi Group has a 52-week low of $20.50 and a 52-week high of $40.58. The firm has a market capitalization of $16.48 billion, a price-to-earnings ratio of 108.09 and a beta of 1.72. The stock has a 50 day moving average price of $36.68 and a 200 day moving average price of $35.14. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.41 and a current ratio of 1.48.

APi Group (NYSE:APG) last issued its earnings results on Thursday, October 30th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. APi Group had a return on equity of 21.86% and a net margin of 3.44%.The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the company posted $0.51 EPS. APi Group’s revenue was up 14.2% on a year-over-year basis. Sell-side analysts expect that APi Group will post 1.83 earnings per share for the current year.

Insider Activity at APi Group

In related news, Director Martin E. Franklin sold 340,000 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $36.09, for a total transaction of $12,270,600.00. Following the completion of the sale, the director directly owned 18,968,790 shares in the company, valued at $684,583,631.10. This represents a 1.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last three months, insiders sold 900,000 shares of company stock valued at $32,342,000. Insiders own 17.00% of the company’s stock.

Institutional Trading of APi Group

Several hedge funds and other institutional investors have recently made changes to their positions in APG. Silicon Valley Capital Partners increased its position in APi Group by 50.0% during the 3rd quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock valued at $29,000 after buying an additional 286 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of APi Group by 55.3% during the third quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock worth $29,000 after acquiring an additional 297 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of APi Group by 5.9% during the first quarter. PNC Financial Services Group Inc. now owns 5,420 shares of the company’s stock valued at $194,000 after acquiring an additional 303 shares in the last quarter. Whittier Trust Co. raised its position in shares of APi Group by 49.9% in the 3rd quarter. Whittier Trust Co. now owns 1,117 shares of the company’s stock valued at $39,000 after purchasing an additional 372 shares during the last quarter. Finally, Cresset Asset Management LLC raised its position in shares of APi Group by 3.6% in the 1st quarter. Cresset Asset Management LLC now owns 10,693 shares of the company’s stock valued at $382,000 after purchasing an additional 374 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.