APi Group Co. (NYSE:APG) Given Average Rating of “Moderate Buy” by Brokerages

APi Group Co. (NYSE:APGGet Rating) has been assigned an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $21.67.

Several equities analysts have recently issued reports on the company. Citigroup lifted their price target on APi Group from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, December 9th. Royal Bank of Canada increased their target price on shares of APi Group from $18.00 to $20.00 and gave the stock a “sector perform” rating in a report on Friday, November 18th. Barclays raised their price target on shares of APi Group from $19.00 to $22.00 in a research note on Thursday, December 1st. TheStreet raised shares of APi Group from a “c+” rating to a “b” rating in a research note on Friday, November 25th. Finally, UBS Group raised their target price on shares of APi Group to $24.00 in a research report on Monday, November 21st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC lifted its position in APi Group by 50.0% in the 4th quarter. FNY Investment Advisers LLC now owns 7,500 shares of the company’s stock valued at $141,000 after acquiring an additional 2,500 shares in the last quarter. Centaurus Financial Inc. grew its stake in APi Group by 154.2% in the 3rd quarter. Centaurus Financial Inc. now owns 147,035 shares of the company’s stock valued at $1,951,000 after purchasing an additional 89,192 shares during the period. Alpha Paradigm Partners LLC bought a new position in APi Group during the third quarter valued at about $270,000. Baird Financial Group Inc. increased its stake in shares of APi Group by 64.8% during the 3rd quarter. Baird Financial Group Inc. now owns 20,315 shares of the company’s stock worth $270,000 after purchasing an additional 7,990 shares during the last quarter. Finally, Greenhaven Road Investment Management L.P. increased its position in APi Group by 489.8% in the third quarter. Greenhaven Road Investment Management L.P. now owns 714,957 shares of the company’s stock worth $9,487,000 after buying an additional 593,739 shares during the last quarter. Institutional investors own 72.84% of the company’s stock.

APi Group Trading Down 3.6 %

Shares of APi Group stock opened at $19.85 on Thursday. The company has a quick ratio of 1.52, a current ratio of 1.62 and a debt-to-equity ratio of 1.29. APi Group has a 12-month low of $13.09 and a 12-month high of $23.76. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of -27.96, a PEG ratio of 0.75 and a beta of 1.56. The firm’s 50-day moving average price is $18.95 and its two-hundred day moving average price is $16.91.

APi Group (NYSE:APGGet Rating) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.68 billion. APi Group had a net margin of 0.92% and a return on equity of 15.13%. The firm’s quarterly revenue was up 65.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 EPS. On average, analysts forecast that APi Group will post 1.31 earnings per share for the current fiscal year.

APi Group Company Profile

(Get Rating)

APi Group Corporation provides safety, specialty, and industrial services in North America, Europe, Australia, and the Asian-Pacific. It operates through three segments: Safety Services, Specialty Services, and Industrial Services. The Safety Services segment offers safety solutions focusing on end-to-end integrated occupancy systems, such as fire protection solutions; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, monitoring, and service of these integrated systems.

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Analyst Recommendations for APi Group (NYSE:APG)

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