APi Group (NYSE:APG) Hits New 1-Year High – Still a Buy?

APi Group Co. (NYSE:APG)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $41.99 and last traded at $38.97, with a volume of 609 shares changing hands. The stock had previously closed at $40.12.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Truist Financial assumed coverage on APi Group in a report on Wednesday, January 22nd. They set a “buy” rating and a $45.00 target price for the company. Robert W. Baird lifted their price objective on APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, November 26th. William Blair reiterated an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Barclays lifted their price objective on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Citigroup decreased their price objective on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, January 13th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.88.

APi Group Trading Down 3.7 %

The company has a market cap of $10.62 billion, a price-to-earnings ratio of -19.60 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. The business’s fifty day simple moving average is $37.48 and its two-hundred day simple moving average is $35.93.

APi Group (NYSE:APG) last issued its earnings results on Wednesday, February 26th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). APi Group had a net margin of 3.01% and a return on equity of 33.89%. On average, equities analysts predict that APi Group Co. will post 1.83 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of APi Group by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 23,124,584 shares of the company’s stock valued at $831,791,000 after buying an additional 127,038 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of APi Group by 20.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,627,444 shares of the company’s stock valued at $562,120,000 after buying an additional 2,602,758 shares in the last quarter. Capital Research Global Investors raised its position in APi Group by 118.2% in the 4th quarter. Capital Research Global Investors now owns 10,947,284 shares of the company’s stock valued at $393,774,000 after purchasing an additional 5,931,314 shares during the last quarter. Janus Henderson Group PLC raised its position in APi Group by 19.2% in the 4th quarter. Janus Henderson Group PLC now owns 10,003,065 shares of the company’s stock valued at $359,811,000 after purchasing an additional 1,611,744 shares during the last quarter. Finally, Durable Capital Partners LP raised its position in APi Group by 199.8% in the 4th quarter. Durable Capital Partners LP now owns 5,007,539 shares of the company’s stock valued at $180,121,000 after purchasing an additional 3,337,468 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

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.