APi Group Corporation (NYSE:APG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of APi Group Corporation (NYSE:APG) have been given an average rating of “Moderate Buy” by the ten research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $38.8095.

A number of research analysts have commented on APG shares. CJS Securities upgraded APi Group to a “strong-buy” rating in a research report on Thursday, December 11th. Zacks Research lowered APi Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Citigroup restated a “buy” rating and set a $45.00 target price (up from $43.00) on shares of APi Group in a research report on Monday, December 8th. Barclays raised their target price on shares of APi Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of APi Group in a research note on Monday, December 8th.

APi Group Price Performance

Shares of APG stock opened at $38.88 on Monday. APi Group has a 52 week low of $20.50 and a 52 week high of $40.58. The stock has a market capitalization of $16.17 billion, a PE ratio of 106.04 and a beta of 1.72. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.41 and a current ratio of 1.48. The stock’s fifty day moving average is $37.08 and its 200-day moving average is $35.35.

APi Group (NYSE:APG) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. APi Group had a net margin of 3.44% and a return on equity of 21.86%. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the company posted $0.51 EPS. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. Equities research analysts expect that APi Group will post 1.83 EPS for the current fiscal year.

Insider Activity

In other news, Director Martin E. Franklin sold 340,000 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $36.09, for a total value of $12,270,600.00. Following the transaction, the director directly owned 18,968,790 shares in the company, valued at $684,583,631.10. This trade represents a 1.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 900,000 shares of company stock valued at $32,342,000. 17.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On APi Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bares Capital Management Inc. bought a new stake in shares of APi Group in the 2nd quarter valued at about $30,000. Clearstead Advisors LLC grew its holdings in APi Group by 105.7% during the third quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock valued at $29,000 after purchasing an additional 427 shares during the period. Parallel Advisors LLC increased its stake in APi Group by 55.3% in the third quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock valued at $29,000 after purchasing an additional 297 shares in the last quarter. Silicon Valley Capital Partners increased its stake in APi Group by 50.0% in the third quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock valued at $29,000 after purchasing an additional 286 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in APi Group in the 3rd quarter worth $31,000. Institutional investors own 86.62% of the company’s stock.

About APi Group

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.