Analysts Set APi Group Corporation (NYSE:APG) Target Price at $52.57

Shares of APi Group Corporation (NYSE:APG) have been given an average rating of “Buy” by the eight research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $52.5714.

Several equities analysts have issued reports on the company. UBS Group set a $52.00 price target on APi Group in a research note on Monday, July 20th. Wall Street Zen cut shares of APi Group from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Wells Fargo & Company initiated coverage on shares of APi Group in a report on Tuesday, August 4th. They set an “overweight” rating and a $53.00 price objective on the stock. Robert W. Baird set a $47.00 price objective on shares of APi Group in a research report on Friday, July 31st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of APi Group in a research note on Tuesday, September 8th.

APi Group Stock Performance

Shares of NYSE APG opened at $37.41 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.39 and a quick ratio of 1.32. The firm has a market cap of $16.17 billion, a price-to-earnings ratio of -55.83, a P/E/G ratio of 2.18 and a beta of 1.60. The stock’s fifty day moving average price is $40.29 and its two-hundred day moving average price is $41.98. APi Group has a one year low of $33.40 and a one year high of $49.99.

APi Group (NYSE:APG) last released its earnings results on Thursday, July 30th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. APi Group had a return on equity of 37.59% and a net margin of 3.99%.The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same period in the prior year, the company earned $0.39 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. On average, equities analysts forecast that APi Group will post 1.72 EPS for the current year.

Insider Buying and Selling at APi Group

In other APi Group news, Director Ian Ashken sold 214,928 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $39.91, for a total transaction of $8,577,776.48. Following the transaction, the director owned 9,262,356 shares in the company, valued at approximately $369,660,627.96. This represents a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Lillie sold 285,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $39.84, for a total transaction of $11,354,400.00. Following the completion of the transaction, the director directly owned 8,952,350 shares in the company, valued at $356,661,624. This trade represents a 3.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 660,000 shares of company stock worth $26,353,682. Corporate insiders own 18.70% of the company’s stock.

Institutional Investors Weigh In On APi Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC grew its position in APi Group by 1.1% in the 1st quarter. Janus Henderson Group PLC now owns 23,367,041 shares of the company’s stock worth $946,846,000 after purchasing an additional 250,873 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of APi Group by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 7,250,619 shares of the company’s stock worth $277,465,000 after purchasing an additional 624,529 shares during the period. Montrusco Bolton Investments Inc. boosted its holdings in shares of APi Group by 50.5% in the 1st quarter. Montrusco Bolton Investments Inc. now owns 4,652,145 shares of the company’s stock worth $183,537,000 after buying an additional 1,561,990 shares during the last quarter. Norges Bank bought a new position in APi Group during the fourth quarter valued at about $181,066,000. Finally, Westfield Capital Management Co. LP bought a new stake in APi Group in the fourth quarter worth about $132,125,000. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Company Profile

APi Group Corporation (NYSE: APG) is a global provider of safety and specialty services for commercial, industrial, infrastructure and residential customers. Through a network of operating companies, it helps customers design, install, inspect, maintain and repair critical building and infrastructure systems.

The company’s services include fire protection and life-safety systems, heating, ventilation and air conditioning, plumbing, electrical work, specialty contracting, industrial maintenance, infrastructure services, security systems, environmental services and emergency response.