APi Group Co. (NYSE:APG) Receives $44.29 Average PT from Brokerages

Shares of APi Group Co. (NYSE:APG) have received an average rating of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $44.29.

A number of research firms have recently issued reports on APG. TheStreet cut APi Group from a “b” rating to a “c+” rating in a research report on Wednesday, February 28th. JPMorgan Chase & Co. upped their price objective on shares of APi Group from $31.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. Royal Bank of Canada raised their target price on shares of APi Group from $36.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Monday, April 8th. Robert W. Baird upped their price target on shares of APi Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. Finally, Citigroup boosted their price objective on APi Group from $43.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, April 8th.

APi Group Trading Up 1.3 %

Shares of NYSE APG opened at $37.42 on Friday. APi Group has a fifty-two week low of $21.74 and a fifty-two week high of $39.98. The firm has a market capitalization of $10.26 billion, a P/E ratio of -17.40, a P/E/G ratio of 1.09 and a beta of 1.62. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.35 and a quick ratio of 1.26. The company’s 50 day simple moving average is $38.22 and its 200 day simple moving average is $33.72.

APi Group (NYSE:APG) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.60 billion. APi Group had a net margin of 2.49% and a return on equity of 37.83%. APi Group’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the company posted $0.25 EPS. On average, analysts predict that APi Group will post 1.87 EPS for the current year.

Insider Activity at APi Group

In other news, Director James E. Lillie sold 125,000 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $38.38, for a total transaction of $4,797,500.00. Following the transaction, the director now directly owns 5,455,411 shares in the company, valued at approximately $209,378,674.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Kevin Krumm sold 5,585 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total value of $199,496.20. Following the completion of the transaction, the chief financial officer now directly owns 34,180 shares of the company’s stock, valued at $1,220,909.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James E. Lillie sold 125,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $38.38, for a total transaction of $4,797,500.00. Following the completion of the sale, the director now owns 5,455,411 shares of the company’s stock, valued at $209,378,674.18. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On APi Group

Hedge funds have recently added to or reduced their stakes in the company. Toronto Dominion Bank bought a new position in shares of APi Group during the third quarter worth $30,000. Nomura Asset Management Co. Ltd. grew its holdings in APi Group by 43.8% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,280 shares of the company’s stock valued at $44,000 after purchasing an additional 390 shares during the last quarter. Whittier Trust Co. raised its position in APi Group by 100.9% in the 1st quarter. Whittier Trust Co. now owns 1,497 shares of the company’s stock worth $59,000 after purchasing an additional 752 shares during the period. Signaturefd LLC lifted its stake in APi Group by 40.2% in the fourth quarter. Signaturefd LLC now owns 3,617 shares of the company’s stock worth $125,000 after purchasing an additional 1,038 shares during the last quarter. Finally, Hanseatic Management Services Inc. purchased a new stake in shares of APi Group during the third quarter valued at $152,000. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

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.