Brokerages Set APi Group Corporation (NYSE:APG) Price Target at $48.57

APi Group Corporation (NYSE:APG) has received an average rating of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $48.5714.

A number of equities research analysts have commented on APG shares. Truist Financial increased their target price on APi Group from $50.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Citigroup upped their price objective on APi Group from $49.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Barclays increased their price objective on APi Group from $44.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Royal Bank Of Canada boosted their target price on shares of APi Group from $45.00 to $53.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. Finally, Wall Street Zen lowered shares of APi Group from a “buy” rating to a “hold” rating in a report on Saturday.

Insider Transactions at APi Group

In related news, Director Ian G. H. Ashken sold 72,546 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $42.94, for a total transaction of $3,115,125.24. Following the sale, the director owned 10,561,284 shares in the company, valued at approximately $453,501,534.96. This trade represents a 0.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Martin E. Franklin sold 3,000,000 shares of APi Group stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $40.88, for a total transaction of $122,640,000.00. Following the completion of the sale, the director directly owned 21,240,426 shares of the company’s stock, valued at $868,308,614.88. The trade was a 12.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,682,000 shares of company stock worth $152,333,385 over the last ninety days. 18.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in APi Group by 49.6% in the third quarter. Vanguard Group Inc. now owns 35,138,767 shares of the company’s stock valued at $1,207,719,000 after purchasing an additional 11,644,990 shares during the last quarter. Janus Henderson Group PLC boosted its stake in APi Group by 4.0% in the 4th quarter. Janus Henderson Group PLC now owns 23,116,168 shares of the company’s stock worth $884,409,000 after buying an additional 887,729 shares during the last quarter. Durable Capital Partners LP boosted its stake in APi Group by 40.2% in the 3rd quarter. Durable Capital Partners LP now owns 14,898,178 shares of the company’s stock worth $512,050,000 after buying an additional 4,274,610 shares during the last quarter. Viking Global Investors LP grew its holdings in APi Group by 6.7% in the 3rd quarter. Viking Global Investors LP now owns 12,306,277 shares of the company’s stock valued at $422,967,000 after buying an additional 768,759 shares during the period. Finally, State Street Corp grew its holdings in APi Group by 0.8% in the 4th quarter. State Street Corp now owns 10,863,164 shares of the company’s stock valued at $415,625,000 after buying an additional 91,388 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

APi Group Stock Performance

Shares of APG opened at $48.43 on Friday. APi Group has a 12-month low of $22.68 and a 12-month high of $49.33. The stock has a market cap of $20.95 billion, a P/E ratio of -64.01, a PEG ratio of 2.91 and a beta of 1.68. The company has a current ratio of 1.50, a quick ratio of 1.43 and a debt-to-equity ratio of 0.81. The company has a 50-day moving average of $43.12 and a two-hundred day moving average of $40.27.

APi Group (NYSE:APG) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. APi Group had a net margin of 3.70% and a return on equity of 37.92%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the business earned $0.51 earnings per share. The company’s quarterly revenue was up 13.8% on a year-over-year basis. As a group, research analysts predict that APi Group will post 1.67 EPS for the current fiscal year.

APi Group Company Profile

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.