Analysts Set APi Group Co. (NYSE:APG) Price Target at $43.14

APi Group Co. (NYSE:APG) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $43.86.

A number of equities research analysts have recently commented on the stock. Barclays upped their price objective on shares of APi Group from $43.00 to $48.00 and gave the company an “overweight” rating in a research note on Monday. Robert W. Baird increased their target price on APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Truist Financial reiterated a “buy” rating and set a $48.00 price target (up previously from $45.00) on shares of APi Group in a research note on Thursday, February 27th. Royal Bank of Canada raised shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Tuesday, January 14th. Finally, UBS Group cut their price objective on APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th.

APi Group Stock Performance

NYSE APG opened at $43.89 on Friday. APi Group has a fifty-two week low of $30.76 and a fifty-two week high of $44.37. The firm’s fifty day moving average price is $36.69 and its two-hundred day moving average price is $36.98. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The stock has a market cap of $12.15 billion, a PE ratio of -22.28 and a beta of 1.54.

APi Group (NYSE:APG) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.37 earnings per share (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 the consensus estimate of $1.66 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 earnings per share. On average, equities analysts expect that APi Group will post 1.83 EPS for the current fiscal year.

Insider Buying and Selling at APi Group

In other news, Director Ian G. H. Ashken sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $42.72, for a total value of $6,408,000.00. Following the completion of the sale, the director now directly owns 5,612,102 shares in the company, valued at approximately $239,748,997.44. The trade was a 2.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James E. Lillie sold 50,000 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the completion of the sale, the director now directly owns 1,046,203 shares of the company’s stock, valued at $39,724,327.91. This represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 17.00% of the company’s stock.

Hedge Funds Weigh In On APi Group

A number of large investors have recently bought and sold shares of APG. Blue Trust Inc. grew its stake in shares of APi Group by 92.3% in the fourth quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after purchasing an additional 386 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in APi Group during the fourth quarter worth about $34,000. First Horizon Advisors Inc. increased its position in APi Group by 53.4% during the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock valued at $43,000 after buying an additional 414 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of APi Group by 105.5% during the first quarter. GAMMA Investing LLC now owns 1,529 shares of the company’s stock valued at $55,000 after acquiring an additional 785 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in APi Group by 339.0% in the first quarter. Versant Capital Management Inc now owns 1,633 shares of the company’s stock worth $58,000 after buying an additional 1,261 shares during the last quarter. 86.62% of the stock is owned by hedge funds and other 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.