APi Group Co. (NYSE:APG) Given Consensus Rating of “Moderate Buy” by Brokerages

APi Group Co. (NYSE:APG) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $44.00.

Several research analysts have weighed in on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $45.00 price target on shares of APi Group in a report on Friday, November 1st. Barclays increased their target price on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Robert W. Baird decreased their price target on APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd.

APi Group Trading Down 0.8 %

Shares of APG stock opened at $36.21 on Friday. APi Group has a fifty-two week low of $28.86 and a fifty-two week high of $39.98. 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 business has a fifty day simple moving average of $34.00 and a 200-day simple moving average of $35.61. The stock has a market cap of $9.95 billion, a P/E ratio of -18.38 and a beta of 1.54.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.87 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The company’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the company posted $0.48 EPS. On average, analysts forecast that APi Group will post 1.86 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Louis Lambert sold 5,679 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $36.04, for a total transaction of $204,671.16. Following the completion of the sale, the senior vice president now owns 2,421 shares of the company’s stock, valued at $87,252.84. This represents a 70.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Martin E. Franklin sold 178,346 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the completion of the transaction, the director now directly owns 14,267,479 shares in the company, valued at $503,071,309.54. This represents a 1.23 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 249,461 shares of company stock worth $8,907,049. 18.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On APi Group

Several institutional investors have recently modified their holdings of APG. Janney Montgomery Scott LLC bought a new position in APi Group in the 1st quarter worth approximately $221,000. Daiwa Securities Group Inc. bought a new position in shares of APi Group in the first quarter worth $235,000. Envestnet Portfolio Solutions Inc. increased its holdings in shares of APi Group by 27.0% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 7,488 shares of the company’s stock valued at $294,000 after purchasing an additional 1,592 shares during the period. SG Americas Securities LLC raised its stake in shares of APi Group by 154.8% during the first quarter. SG Americas Securities LLC now owns 12,484 shares of the company’s stock valued at $490,000 after purchasing an additional 7,585 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of APi Group by 40.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 45,086 shares of the company’s stock valued at $1,771,000 after purchasing an additional 12,913 shares in the last quarter. 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.