APi Group Corporation (NYSE:APG) Stock Has Average Price Target of $52.57

Shares of APi Group Corporation (NYSE:APG) have received a consensus recommendation of “Buy” from the eight research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $52.71.

Several brokerages have issued reports on APG. Weiss Ratings downgraded shares of APi Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, October 6th. Wells Fargo & Company assumed coverage on shares of APi Group in a research note on Tuesday, August 4th. They set an “overweight” rating and a $53.00 price objective on the stock. Citigroup reissued a “buy” rating and set a $55.00 target price (up from $54.00) on shares of APi Group in a research report on Monday, October 12th. Robert W. Baird set a $47.00 target price on shares of APi Group in a research report on Friday, July 31st. Finally, UBS Group set a $52.00 target price on shares of APi Group in a research note on Monday, July 20th.

Insider Buying and Selling at APi Group

In other APi Group news, Director Ian Ashken sold 85,072 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $40.36, for a total value of $3,433,505.92. Following the transaction, the director owned 9,177,284 shares in the company, valued at $370,395,182.24. The trade was a 0.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Lillie sold 285,000 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was 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 owned 8,952,350 shares in the company, valued at $356,661,624. This represents a 3.09% decrease in their position. 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. Insiders have sold a total of 660,000 shares of company stock worth $26,353,682 in the last ninety days. 18.70% of the stock is currently owned by insiders.

Institutional Trading of APi Group

Hedge funds and other institutional investors have recently modified their holdings of the business. AdvisorNet Financial Inc boosted its holdings in APi Group by 3.3% in the third quarter. AdvisorNet Financial Inc now owns 13,779 shares of the company’s stock valued at $551,000 after purchasing an additional 444 shares during the last quarter. ZWJ Investment Counsel Inc. grew its stake in APi Group by 4.4% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 8,625 shares of the company’s stock valued at $333,000 after purchasing an additional 367 shares in the last quarter. Avior Wealth Management LLC grew its stake in APi Group by 108.4% during the 3rd quarter. Avior Wealth Management LLC now owns 17,269 shares of the company’s stock valued at $667,000 after purchasing an additional 8,982 shares in the last quarter. CoreCap Advisors LLC increased its holdings in APi Group by 55.7% during the 3rd quarter. CoreCap Advisors LLC now owns 716 shares of the company’s stock worth $28,000 after purchasing an additional 256 shares during the last quarter. Finally, Artemis Investment Management LLP increased its holdings in APi Group by 7.9% during the 3rd quarter. Artemis Investment Management LLP now owns 313,464 shares of the company’s stock worth $12,100,000 after purchasing an additional 23,017 shares during the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Stock Down 0.6%

Shares of APi Group stock opened at $40.10 on Friday. APi Group has a twelve month low of $33.52 and a twelve month high of $49.99. The company has a fifty day moving average price of $40.00 and a 200 day moving average price of $41.70. The company has a current ratio of 1.39, a quick ratio of 1.32 and a debt-to-equity ratio of 0.91. The stock has a market cap of $17.33 billion, a price-to-earnings ratio of -59.85, a price-to-earnings-growth ratio of 2.34 and a beta of 1.57.

APi Group (NYSE:APG) last posted its earnings results on Thursday, July 30th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.20 billion. APi Group had a return on equity of 37.59% and a net margin of 3.99%. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 earnings per share. Equities research analysts forecast that APi Group will post 1.73 earnings per share for the current fiscal year.

About APi Group

APi Group Corporation (NYSE: APG) is a global provider of industrial, commercial and infrastructure services. The company delivers specialized services that help customers design, install, maintain and repair essential systems across buildings, facilities and infrastructure assets.

APi Group’s operations include fire protection and life-safety services, heating, ventilation and air conditioning, electrical and communications work, utility and infrastructure services, industrial maintenance, specialty contracting and other facility services.