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

Shares of APi Group Corporation (NYSE:APG) have been assigned an average recommendation of “Buy” from the eight brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $52.5714.

A number of equities analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of APi Group in a report on Tuesday, September 8th. Citigroup reaffirmed a “buy” rating and issued a $54.00 target price (up from $53.00) on shares of APi Group in a research report on Friday, July 31st. Robert W. Baird set a $47.00 price target on APi Group in a research report on Friday, July 31st. Wells Fargo & Company began coverage on APi Group in a research note on Tuesday, August 4th. They set an “overweight” rating and a $53.00 price target for the company. Finally, Wall Street Zen downgraded APi Group from a “buy” rating to a “hold” rating in a report on Saturday, August 1st.

Insider Transactions at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 214,928 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $39.91, for a total value of $8,577,776.48. Following the completion of the transaction, the director owned 9,262,356 shares in the company, valued at $369,660,627.96. This represents a 2.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James E. Lillie sold 285,000 shares of APi Group stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $39.84, for a total transaction of $11,354,400.00. Following the sale, the director owned 8,952,350 shares in the company, valued at $356,661,624. This represents a 3.09% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 660,000 shares of company stock worth $26,353,682. 18.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On APi Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC lifted its position in shares of APi Group by 20.3% in the first quarter. Root Financial Partners LLC now owns 1,256 shares of the company’s stock worth $51,000 after purchasing an additional 212 shares in the last quarter. Arista Wealth Management LLC grew its position in APi Group by 1.4% during the second quarter. Arista Wealth Management LLC now owns 19,125 shares of the company’s stock valued at $810,000 after purchasing an additional 270 shares in the last quarter. Baird Financial Group Inc. grew its position in APi Group by 0.5% during the second quarter. Baird Financial Group Inc. now owns 61,525 shares of the company’s stock valued at $2,606,000 after purchasing an additional 277 shares in the last quarter. Triad Wealth Partners LLC increased its stake in APi Group by 2.8% in the 1st quarter. Triad Wealth Partners LLC now owns 10,247 shares of the company’s stock valued at $415,000 after buying an additional 283 shares during the period. Finally, Ellenbecker Investment Group boosted its stake in shares of APi Group by 3.8% during the 1st quarter. Ellenbecker Investment Group now owns 8,441 shares of the company’s stock valued at $342,000 after buying an additional 306 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

APi Group Stock Performance

NYSE APG opened at $37.86 on Wednesday. The business’s 50-day moving average price is $40.13 and its 200 day moving average price is $41.90. APi Group has a twelve month low of $33.40 and a twelve month high of $49.99. The company has a market capitalization of $16.36 billion, a PE ratio of -56.50, a price-to-earnings-growth ratio of 2.18 and a beta of 1.60. The company has a current ratio of 1.39, a quick ratio of 1.32 and a debt-to-equity ratio of 0.91.

APi Group (NYSE:APG) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.20 billion. APi Group had a return on equity of 37.59% and a net margin of 3.99%.The firm’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 EPS. On average, research analysts predict that APi Group will post 1.72 earnings per share for the current year.

About APi Group

APi Group Corporation (NYSE: APG) is a global provider of safety and specialty services for commercial, industrial, infrastructure and residential customers. Through a network of operating companies, it helps customers design, install, inspect, maintain and repair critical building and infrastructure systems.

The company’s services include fire protection and life-safety systems, heating, ventilation and air conditioning, plumbing, electrical work, specialty contracting, industrial maintenance, infrastructure services, security systems, environmental services and emergency response.