APi Group Co. (NYSE:APG) Receives $43.43 Consensus Target Price from Analysts

APi Group Co. (NYSE:APG) has been given an average recommendation of “Moderate Buy” by the eight research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $43.43.

APG has been the subject of several recent research reports. Robert W. Baird boosted their price objective on APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, November 26th. William Blair reissued an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Citigroup increased their price objective on APi Group from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $45.00 target price on shares of APi Group in a report on Friday, November 1st. Finally, Barclays boosted their price target on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th.

Insider Buying and Selling

In other news, Director James E. Lillie sold 11,568 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $36.98, for a total transaction of $427,784.64. Following the completion of the transaction, the director now owns 1,134,635 shares in the company, valued at approximately $41,958,802.30. This represents a 1.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ian G. H. Ashken sold 53,868 shares of APi Group stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total value of $1,986,113.16. Following the completion of the sale, the director now directly owns 5,478,779 shares of the company’s stock, valued at approximately $202,002,581.73. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On APi Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. purchased a new stake in shares of APi Group during the 3rd quarter valued at approximately $26,000. Avior Wealth Management LLC purchased a new stake in shares of APi Group during the third quarter worth $33,000. Strategic Financial Concepts LLC boosted its holdings in shares of APi Group by 3,622.0% in the second quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company’s stock worth $148,000 after acquiring an additional 382,012 shares during the period. SG Americas Securities LLC bought a new position in shares of APi Group in the third quarter worth $165,000. Finally, KBC Group NV grew its position in shares of APi Group by 14.8% in the third quarter. KBC Group NV now owns 5,601 shares of the company’s stock valued at $185,000 after purchasing an additional 721 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

APi Group Stock Performance

Shares of APG stock opened at $35.97 on Monday. The firm has a 50 day moving average of $36.64 and a 200-day moving average of $35.67. The company has a market cap of $9.88 billion, a price-to-earnings ratio of -18.26 and a beta of 1.55. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. APi Group has a 52 week low of $30.26 and a 52 week high of $40.89.

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

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.