APi Group Co. (NYSE:APG) Receives $44.29 Consensus Price Target from Brokerages

APi Group Co. (NYSE:APG) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $44.29.

A number of research firms have weighed in on APG. Royal Bank of Canada boosted their price objective on APi Group from $36.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Monday, April 8th. TheStreet lowered APi Group from a “b” rating to a “c+” rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. boosted their price objective on APi Group from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Jefferies Financial Group began coverage on APi Group in a research note on Friday, March 15th. They set a “buy” rating and a $48.00 price objective on the stock. Finally, Robert W. Baird boosted their price objective on APi Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th.

APi Group Stock Performance

Shares of NYSE:APG opened at $37.58 on Wednesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.35 and a quick ratio of 1.26. The business’s 50 day moving average price is $37.60 and its 200-day moving average price is $35.13. The firm has a market capitalization of $10.31 billion, a PE ratio of -17.48, a P/E/G ratio of 1.19 and a beta of 1.57. APi Group has a 1 year low of $23.22 and a 1 year high of $39.98.

APi Group (NYSE:APG) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.60 billion. APi Group had a return on equity of 37.83% and a net margin of 2.49%. The business’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 earnings per share. As a group, equities research analysts expect that APi Group will post 1.83 earnings per share for the current fiscal year.

Insider Buying and Selling at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 150,000 shares of APi Group stock in a transaction on Monday, May 6th. The stock was sold at an average price of $37.21, for a total value of $5,581,500.00. Following the sale, the director now owns 5,828,779 shares in the company, valued at $216,888,866.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 16.40% of the company’s stock.

Institutional Investors Weigh In On APi Group

Institutional investors and hedge funds have recently modified their holdings of the company. Toronto Dominion Bank purchased a new stake in shares of APi Group in the 3rd quarter valued at $30,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of APi Group by 43.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,280 shares of the company’s stock valued at $44,000 after buying an additional 390 shares during the period. Whittier Trust Co. raised its holdings in shares of APi Group by 100.9% in the 1st quarter. Whittier Trust Co. now owns 1,497 shares of the company’s stock valued at $59,000 after buying an additional 752 shares during the period. J.Safra Asset Management Corp raised its holdings in shares of APi Group by 81.3% in the 1st quarter. J.Safra Asset Management Corp now owns 1,731 shares of the company’s stock valued at $68,000 after buying an additional 776 shares during the period. Finally, Motco purchased a new stake in shares of APi Group in the 1st quarter valued at $83,000. Hedge funds and other institutional investors own 86.62% of the company’s stock.

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.