Brokerages Set APi Group Co. (NYSE:APG) PT at $43.38

APi Group Co. (NYSE:APG) has received a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $43.38.

Several research firms recently weighed in on APG. William Blair restated an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Truist Financial started coverage on APi Group in a report on Wednesday, January 22nd. They set a “buy” rating and a $45.00 price target for the company. Citigroup cut their price objective on shares of APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Barclays lifted their target price on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Robert W. Baird increased their price target on shares of APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, November 26th.

Insider Transactions at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total value of $1,986,113.16. Following the transaction, the director now directly owns 5,478,779 shares of the company’s stock, valued at approximately $202,002,581.73. This trade represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James E. Lillie sold 11,568 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $36.98, for a total transaction of $427,784.64. Following the sale, the director now directly owns 1,134,635 shares of the company’s stock, valued at $41,958,802.30. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 18.20% of the company’s stock.

Institutional Investors Weigh In On APi Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC lifted its position in APi Group by 19.2% during the third quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company’s stock valued at $277,079,000 after purchasing an additional 1,351,013 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of APi Group by 4.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,901,296 shares of the company’s stock valued at $227,881,000 after buying an additional 324,544 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of APi Group by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 3,730,499 shares of the company’s stock valued at $123,217,000 after acquiring an additional 106,119 shares during the period. State Street Corp grew its stake in shares of APi Group by 3.7% during the 3rd quarter. State Street Corp now owns 3,723,241 shares of the company’s stock valued at $122,941,000 after acquiring an additional 132,971 shares during the period. Finally, Select Equity Group L.P. increased its holdings in APi Group by 7.6% in the 2nd quarter. Select Equity Group L.P. now owns 2,464,597 shares of the company’s stock worth $92,743,000 after acquiring an additional 173,544 shares in the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

APi Group Stock Performance

Shares of APG stock opened at $38.09 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The company’s fifty day moving average price is $37.32 and its 200-day moving average price is $35.60. The stock has a market cap of $10.47 billion, a PE ratio of -19.33 and a beta of 1.55. APi Group has a 12 month low of $31.44 and a 12 month high of $40.89.

APi Group (NYSE:APG) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the prior year, the company earned $0.48 earnings per share. The business’s revenue was up 2.4% compared to the same quarter last year. On average, equities analysts expect that APi Group will post 1.83 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.