APi Group Corporation (NYSE:APG) Receives $52.14 Average Price Target from Analysts

APi Group Corporation (NYSE:APG) has been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $52.1429.

APG has been the topic of several analyst reports. Robert W. Baird set a $52.00 price objective on shares of APi Group in a report on Friday, May 1st. Truist Financial set a $55.00 price target on APi Group and gave the company a “buy” rating in a research note on Friday, May 1st. Citigroup reissued a “buy” rating and set a $53.00 price objective (up from $52.00) on shares of APi Group in a research note on Friday, May 1st. Weiss Ratings cut shares of APi Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. Finally, Barclays reaffirmed an “overweight” rating and issued a $54.00 target price (up from $52.00) on shares of APi Group in a research note on Thursday, May 7th.

APi Group Trading Up 0.4%

Shares of NYSE APG opened at $41.62 on Friday. The company has a 50-day moving average of $42.55 and a two-hundred day moving average of $42.69. APi Group has a 1-year low of $33.40 and a 1-year high of $49.99. The company has a current ratio of 1.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.79. The company has a market cap of $18.03 billion, a PE ratio of -58.62, a P/E/G ratio of 2.43 and a beta of 1.60.

APi Group (NYSE:APG) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. APi Group had a return on equity of 37.63% and a net margin of 3.85%.The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period last year, the company earned $0.37 EPS. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. As a group, equities analysts expect that APi Group will post 1.71 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Anthony E. Malkin sold 7,000 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $42.47, for a total transaction of $297,290.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James E. Lillie sold 225,539 shares of APi Group stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $44.87, for a total value of $10,119,934.93. Following the transaction, the director owned 9,296,811 shares in the company, valued at approximately $417,147,909.57. This represents a 2.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 3,451,000 shares of company stock valued at $149,194,935. 18.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On APi Group

A number of hedge funds have recently modified their holdings of APG. Sound Income Strategies LLC acquired a new position in shares of APi Group in the 4th quarter valued at approximately $27,000. Cornerstone Planning Group LLC increased its stake in APi Group by 14,720.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 741 shares of the company’s stock worth $31,000 after purchasing an additional 736 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in APi Group by 1,851.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 761 shares of the company’s stock worth $29,000 after buying an additional 722 shares during the period. IFP Advisors Inc raised its holdings in APi Group by 146.7% during the 4th quarter. IFP Advisors Inc now owns 824 shares of the company’s stock worth $32,000 after buying an additional 490 shares during the period. Finally, Parallel Advisors LLC lifted its stake in APi Group by 55.3% in the third quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock valued at $29,000 after buying an additional 297 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

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.