Analysts Set APi Group Co. (NYSE:APG) PT at $44.00

Shares of APi Group Co. (NYSE:APG - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $44.00.

APG has been the subject of a number of research analyst reports. Robert W. Baird dropped their price target on APi Group from $43.00 to $42.00 and set an "outperform" rating for the company in a research report on Friday, August 2nd. Royal Bank of Canada restated a "sector perform" rating and set a $45.00 target price on shares of APi Group in a report on Friday, November 1st. 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 research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. decreased their price objective on APi Group from $37.00 to $34.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd.

Insider Buying and Selling at APi Group

In other news, Director Martin E. Franklin sold 178,346 shares of the company's stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the completion of the sale, the director now directly owns 14,267,479 shares in the company, valued at $503,071,309.54. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, SVP Louis Lambert sold 5,679 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $36.04, for a total value of $204,671.16. Following the transaction, the senior vice president now owns 2,421 shares in the company, valued at approximately $87,252.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Martin E. Franklin sold 178,346 shares of the business's stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the sale, the director now owns 14,267,479 shares of the company's stock, valued at approximately $503,071,309.54. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On APi Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. First Horizon Advisors Inc. purchased a new position in APi Group in the third quarter valued at about $26,000. Avior Wealth Management LLC acquired a new position in APi Group during the 3rd quarter worth approximately $33,000. J.Safra Asset Management Corp boosted its holdings in APi Group by 81.3% in the 1st quarter. J.Safra Asset Management Corp now owns 1,731 shares of the company's stock worth $68,000 after acquiring an additional 776 shares during the period. Motco acquired a new stake in APi Group in the first quarter valued at approximately $83,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of APi Group during the second quarter valued at approximately $132,000. Institutional investors and hedge funds own 86.62% of the company's stock.

APi Group Stock Up 1.0 %

APG traded up $0.35 on Friday, hitting $37.10. 1,137,463 shares of the company were exchanged, compared to its average volume of 1,665,429. APi Group has a fifty-two week low of $27.06 and a fifty-two week high of $39.98. 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 business's fifty day moving average is $33.85 and its 200 day moving average is $35.63.

APi Group (NYSE:APG - Get Free Report) last released its quarterly earnings results 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 return on equity of 33.89% and a net margin of 3.01%. 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 firm posted $0.48 EPS. The company's revenue was up 2.4% compared to the same quarter last year. Equities analysts forecast that APi Group will post 1.86 EPS for the current fiscal year.

APi Group Company Profile

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.