APi Group Corporation (NYSE:APG) Receives $52.57 Consensus PT from Analysts

Shares of APi Group Corporation (NYSE:APG) have been given a consensus rating of “Moderate Buy” by the nine ratings firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have 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 12-month price target among brokers that have issued ratings on the stock in the last year is $52.5714.

A number of analysts recently weighed in on the stock. Truist Financial set a $55.00 price target on shares of APi Group and gave the stock a “buy” rating in a research note on Friday, May 1st. Citigroup restated a “buy” rating and issued a $54.00 price objective (up from $53.00) on shares of APi Group in a research note on Friday, July 31st. Weiss Ratings downgraded shares of APi Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. Robert W. Baird set a $47.00 price target on APi Group in a report on Friday, July 31st. Finally, Wall Street Zen lowered APi Group from a “buy” rating to a “hold” rating in a report on Saturday, August 1st.

Insider Buying and Selling

In other news, Director Anthony E. Malkin sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $42.47, for a total transaction of $297,290.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ian G. H. Ashken sold 85,072 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $40.36, for a total value of $3,433,505.92. Following the sale, the director owned 9,177,284 shares of the company’s stock, valued at $370,395,182.24. This trade represents a 0.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 2,667,000 shares of company stock valued at $110,810,972 over the last 90 days. Insiders own 18.70% of the company’s stock.

Hedge Funds Weigh In On APi Group

Institutional investors have recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in APi Group during the 4th quarter worth approximately $5,593,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of APi Group by 5,212.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 411,590 shares of the company’s stock worth $15,747,000 after buying an additional 403,842 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of APi Group by 628.7% in the 4th quarter. Hantz Financial Services Inc. now owns 174,019 shares of the company’s stock valued at $6,658,000 after buying an additional 150,139 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of APi Group by 7.5% in the 1st quarter. Principal Financial Group Inc. now owns 855,638 shares of the company’s stock valued at $34,670,000 after buying an additional 59,715 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of APi Group by 143.0% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 598,457 shares of the company’s stock valued at $23,155,000 after buying an additional 352,163 shares in the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.

APi Group Trading Down 1.1%

NYSE:APG opened at $40.73 on Friday. The company has a market capitalization of $17.60 billion, a PE ratio of -60.78, a P/E/G ratio of 2.40 and a beta of 1.60. APi Group has a 52-week low of $33.40 and a 52-week high of $49.99. The stock’s 50 day moving average price is $41.42 and its 200 day moving average price is $42.70. The company has a quick ratio of 1.32, a current ratio of 1.39 and a debt-to-equity ratio of 0.91.

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