APi Group Co. (NYSE:APG) Receives $43.38 Consensus PT from Analysts

APi Group Co. (NYSE:APG) has been assigned a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $43.38.

A number of equities research analysts recently weighed in on APG shares. Barclays raised their price objective on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Royal Bank of Canada raised APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research report on Tuesday, January 14th. Robert W. Baird raised their price target on APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, November 26th. Truist Financial assumed coverage on APi Group in a report on Wednesday, January 22nd. They issued a “buy” rating and a $45.00 price target for the company. Finally, Citigroup lowered their price target on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a report on Monday, January 13th.

APi Group Stock Performance

Shares of APi Group stock opened at $37.09 on Friday. The firm has a market cap of $10.19 billion, a P/E ratio of -18.83 and a beta of 1.55. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. APi Group has a 12 month low of $31.44 and a 12 month high of $40.89. The stock’s fifty day moving average price is $37.27 and its 200-day moving average price is $35.59.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the company earned $0.48 earnings per share. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, equities research analysts expect that APi Group will post 1.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director James E. Lillie sold 11,568 shares of APi Group stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $36.98, for a total transaction of $427,784.64. Following the completion of the transaction, the director now directly owns 1,134,635 shares in the company, valued at approximately $41,958,802.30. This trade represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ian G. H. Ashken sold 53,868 shares of APi Group stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total value of $1,986,113.16. Following the transaction, the director now owns 5,478,779 shares of the company’s stock, valued at approximately $202,002,581.73. This represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 18.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Pelham Capital Ltd. purchased a new position in APi Group during the fourth quarter valued at approximately $7,540,000. Strategic Financial Concepts LLC raised its position in APi Group by 2,058.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock valued at $82,000 after acquiring an additional 217,071 shares in the last quarter. Capital Investment Services of America Inc. raised its position in APi Group by 7.5% during the fourth quarter. Capital Investment Services of America Inc. now owns 323,762 shares of the company’s stock valued at $11,646,000 after acquiring an additional 22,690 shares in the last quarter. Swedbank AB increased its position in shares of APi Group by 9.6% in the fourth quarter. Swedbank AB now owns 2,422,000 shares of the company’s stock valued at $87,119,000 after buying an additional 213,000 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of APi Group in the fourth quarter valued at approximately $85,000. 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.