Analysts Set APi Group Co. (NYSE:APG) Target Price at $44.00

Shares of APi Group Co. (NYSE:APG) have received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $44.00.

Several equities research analysts recently issued reports on APG shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $45.00 target price on shares of APi Group in a research report on Friday, November 1st. Robert W. Baird lowered their price objective on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. 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. Finally, JPMorgan Chase & Co. reduced their target price on APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd.

APi Group Trading Down 2.3 %

Shares of APG opened at $35.37 on Friday. APi Group has a fifty-two week low of $28.97 and a fifty-two week high of $39.98. The company has a market capitalization of $9.72 billion, a PE ratio of -17.95 and a beta of 1.54. The stock has a fifty day moving average of $34.11 and a two-hundred day moving average of $35.57. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51.

APi Group (NYSE:APG) last released its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the firm posted $0.48 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, analysts forecast that APi Group will post 1.86 EPS for the current year.

Insider Activity at APi Group

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

Institutional Investors Weigh In On APi Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its position in shares of APi Group by 2.9% during the third quarter. Geode Capital Management LLC now owns 3,730,499 shares of the company’s stock worth $123,217,000 after buying an additional 106,119 shares in the last quarter. Barclays PLC grew its holdings in APi Group by 1.6% during the 3rd quarter. Barclays PLC now owns 364,281 shares of the company’s stock worth $12,026,000 after acquiring an additional 5,701 shares in the last quarter. MML Investors Services LLC increased its position in shares of APi Group by 6.3% in the 3rd quarter. MML Investors Services LLC now owns 54,888 shares of the company’s stock worth $1,812,000 after purchasing an additional 3,266 shares during the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of APi Group by 17.0% during the third quarter. Orion Portfolio Solutions LLC now owns 48,003 shares of the company’s stock worth $1,585,000 after purchasing an additional 6,971 shares during the last quarter. Finally, XTX Topco Ltd grew its stake in APi Group by 15.1% in the third quarter. XTX Topco Ltd now owns 45,539 shares of the company’s stock worth $1,504,000 after purchasing an additional 5,987 shares in the last quarter. 86.62% of the stock is currently 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.