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

APi Group Co. (NYSE:APG – Get Rating) has been given an average rating of “Moderate Buy” by the eight ratings firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $24.57.

Several research analysts have recently weighed in on the company. Barclays boosted their target price on APi Group from $25.00 to $26.00 in a report on Wednesday, May 10th. Royal Bank of Canada increased their price target on shares of APi Group from $22.00 to $25.00 and gave the company a “sector perform” rating in a research note on Wednesday, March 1st. Citigroup lifted their price target on shares of APi Group from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, March 1st. Finally, Robert W. Baird upgraded APi Group from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $27.00 to $29.00 in a report on Wednesday, May 17th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in APG. Dimensional Fund Advisors LP grew its holdings in APi Group by 14.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,336,222 shares of the company’s stock worth $17,733,000 after acquiring an additional 169,647 shares during the period. Barclays PLC increased its holdings in shares of APi Group by 447.9% in the 3rd quarter. Barclays PLC now owns 61,577 shares of the company’s stock valued at $817,000 after purchasing an additional 50,338 shares in the last quarter. Greenhaven Road Investment Management L.P. lifted its stake in shares of 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 valued at $9,487,000 after purchasing an additional 593,739 shares during the period. California Public Employees Retirement System boosted its holdings in APi Group by 1.5% during the fourth quarter. California Public Employees Retirement System now owns 415,884 shares of the company’s stock worth $7,823,000 after buying an additional 6,179 shares in the last quarter. Finally, Mendota Financial Group LLC acquired a new position in APi Group during the fourth quarter worth about $2,154,000. 72.84% of the stock is owned by institutional investors and hedge funds.

APi Group Price Performance

APi Group stock opened at $23.00 on Wednesday. The stock has a market capitalization of $5.41 billion, a P/E ratio of 109.52, a P/E/G ratio of 0.89 and a beta of 1.54. The company’s fifty day moving average price is $21.87 and its 200 day moving average price is $20.85. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.42 and a current ratio of 1.53. APi Group has a 1 year low of $13.09 and a 1 year high of $24.49.

APi Group (NYSE:APG – Get Rating) last issued its quarterly earnings results on Thursday, May 4th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. APi Group had a net margin of 1.42% and a return on equity of 17.49%. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the company posted $0.23 EPS. APi Group’s quarterly revenue was up 7.6% compared to the same quarter last year. As a group, equities research analysts anticipate that APi Group will post 1.5 earnings per share for the current fiscal year.

APi Group Company Profile

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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.