APi Group Corporation (NYSE:APG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of APi Group Corporation (NYSE:APG) have been given a consensus rating of “Moderate Buy” by the ten analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $48.5714.

Several brokerages recently weighed in on APG. Weiss Ratings reissued a “hold (c+)” rating on shares of APi Group in a report on Monday, December 22nd. Citigroup upped their price objective on shares of APi Group from $49.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Truist Financial increased their target price on shares of APi Group from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. CJS Securities upgraded shares of APi Group to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Royal Bank Of Canada boosted their price target on shares of APi Group from $45.00 to $53.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th.

Insider Buying and Selling at APi Group

In other APi Group news, Director James E. Lillie sold 83,629 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $42.94, for a total transaction of $3,591,029.26. Following the sale, the director owned 9,522,350 shares in the company, valued at $408,889,709. This represents a 0.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ian G. H. Ashken sold 72,546 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $42.94, for a total value of $3,115,125.24. Following the completion of the transaction, the director directly owned 10,561,284 shares of the company’s stock, valued at $453,501,534.96. The trade was a 0.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,682,000 shares of company stock valued at $152,333,385 in the last 90 days. 17.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in APG. Bares Capital Management Inc. purchased a new position in APi Group during the 2nd quarter valued at about $30,000. Sound Income Strategies LLC bought a new position in shares of APi Group in the fourth quarter valued at approximately $27,000. Cornerstone Planning Group LLC boosted its position in shares of APi Group by 14,720.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 741 shares of the company’s stock valued at $31,000 after acquiring an additional 736 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in APi Group by 1,851.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 761 shares of the company’s stock valued at $29,000 after acquiring an additional 722 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in APi Group by 146.7% during the fourth quarter. IFP Advisors Inc now owns 824 shares of the company’s stock valued at $32,000 after acquiring an additional 490 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

APi Group Stock Up 3.6%

APG stock opened at $40.51 on Wednesday. The stock has a market cap of $17.48 billion, a P/E ratio of -53.54, a P/E/G ratio of 2.33 and a beta of 1.69. The company has a current ratio of 1.50, a quick ratio of 1.43 and a debt-to-equity ratio of 0.81. The stock’s fifty day simple moving average is $42.62 and its two-hundred day simple moving average is $39.24. APi Group has a 1-year low of $20.50 and a 1-year high of $46.89.

APi Group (NYSE:APG) last announced its earnings results on Wednesday, February 25th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.09 billion. APi Group had a return on equity of 37.92% and a net margin of 3.70%.The business’s revenue was up 13.8% compared to the same quarter last year. During the same period last year, the firm posted $0.51 EPS. Analysts expect that APi Group will post 1.83 EPS for the current year.

APi Group Company Profile

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.