APi Group Co. (NYSE:APG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

APi Group Co. (NYSE:APG) has been assigned an average rating of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $43.86.

Several research analysts have issued reports on the stock. Robert W. Baird raised their price objective on shares of APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Barclays upped their price objective on APi Group from $43.00 to $48.00 and gave the company an “overweight” rating in a research note on Monday, May 5th. UBS Group lowered their target price on APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Truist Financial reissued a “buy” rating and issued a $48.00 target price (up previously from $45.00) on shares of APi Group in a report on Thursday, February 27th. Finally, Citigroup decreased their price target on APi Group from $46.00 to $42.00 and set a “buy” rating for the company in a report on Monday, April 14th.

Insider Activity

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in APi Group by 2.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,881,129 shares of the company’s stock valued at $67,269,000 after acquiring an additional 41,643 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of APi Group by 5.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,420 shares of the company’s stock worth $194,000 after purchasing an additional 303 shares during the last quarter. TradeLink Capital LLC purchased a new stake in APi Group in the 1st quarter valued at approximately $200,000. Natixis Advisors LLC increased its position in APi Group by 4.3% during the first quarter. Natixis Advisors LLC now owns 265,250 shares of the company’s stock worth $9,485,000 after buying an additional 10,947 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of APi Group by 10.6% in the first quarter. Federated Hermes Inc. now owns 41,333 shares of the company’s stock valued at $1,478,000 after acquiring an additional 3,969 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Price Performance

Shares of APG opened at $44.10 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. APi Group has a 1-year low of $30.76 and a 1-year high of $44.37. The stock has a market cap of $12.21 billion, a PE ratio of -22.39 and a beta of 1.54. The firm has a fifty day moving average price of $36.84 and a 200 day moving average price of $37.08.

APi Group (NYSE:APG) last announced its earnings results on Thursday, May 1st. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.66 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. As a group, sell-side analysts anticipate that APi Group will post 1.83 EPS for the current year.

About APi Group

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.