Analysts Set APi Group Co. (NYSE:APG) Price Target at $44.29

APi Group Co. (NYSE:APG) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the stock, Marketbeat Ratings reports. Two 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 brokerages that have updated their coverage on the stock in the last year is $43.86.

Several brokerages have issued reports on APG. JPMorgan Chase & Co. dropped their price objective on APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Barclays cut their price target on APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Robert W. Baird decreased their price objective on APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Friday, August 2nd.

Insider Buying and Selling at APi Group

In related news, SVP Louis Lambert sold 6,333 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $32.45, for a total transaction of $205,505.85. Following the completion of the sale, the senior vice president now directly owns 8,100 shares of the company’s stock, valued at $262,845. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other APi Group news, SVP Louis Lambert sold 6,333 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $32.45, for a total transaction of $205,505.85. Following the completion of the transaction, the senior vice president now owns 8,100 shares in the company, valued at approximately $262,845. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ian G. H. Ashken sold 150,000 shares of APi Group stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $33.03, for a total transaction of $4,954,500.00. Following the completion of the sale, the director now directly owns 5,678,779 shares in the company, valued at approximately $187,570,070.37. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,108,115 shares of company stock worth $79,620,489. 16.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On APi Group

A number of large investors have recently modified their holdings of APG. Janus Henderson Group PLC grew its holdings in APi Group by 6,312.4% during the first quarter. Janus Henderson Group PLC now owns 4,884,712 shares of the company’s stock worth $191,822,000 after acquiring an additional 4,808,536 shares during the period. Price T Rowe Associates Inc. MD purchased a new position in shares of APi Group in the 4th quarter valued at about $159,751,000. Blackstone Inc. acquired a new stake in shares of APi Group in the first quarter valued at about $139,191,000. Gates Capital Management Inc. purchased a new stake in APi Group during the fourth quarter worth about $111,729,000. Finally, Capital Research Global Investors grew its position in APi Group by 271.2% during the first quarter. Capital Research Global Investors now owns 4,321,383 shares of the company’s stock worth $169,701,000 after buying an additional 3,157,283 shares during the period. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Price Performance

Shares of NYSE APG opened at $33.71 on Friday. The stock’s 50-day simple moving average is $37.01 and its 200-day simple moving average is $36.79. The firm has a market capitalization of $9.25 billion, a PE ratio of -15.68, a price-to-earnings-growth ratio of 1.06 and a beta of 1.57. APi Group has a fifty-two week low of $24.61 and a fifty-two week high of $39.98. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.26 and a current ratio of 1.35.

APi Group (NYSE:APG) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.79 billion. APi Group had a net margin of 2.81% and a return on equity of 39.16%. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the company earned $0.41 earnings per share. As a group, equities research analysts forecast that APi Group will post 1.88 EPS for the current fiscal year.

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.