Analysts Set APi Group Co. (NYSE:APG) Target Price at $43.71

Shares of APi Group Co. (NYSE:APG - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight research firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $43.71.

Several equities analysts have recently issued reports on the company. Barclays lifted their price target on APi Group from $43.00 to $44.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Royal Bank of Canada reiterated a "sector perform" rating and set a $45.00 price target on shares of APi Group in a research report on Friday, November 1st. William Blair reiterated an "outperform" rating on shares of APi Group in a research report on Thursday. Finally, Robert W. Baird lifted their price target on APi Group from $39.00 to $40.00 and gave the company an "outperform" rating in a research report on Tuesday, November 26th.

Insider Transactions at APi Group

In related news, Director Ian G. H. Ashken sold 53,868 shares of APi Group stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the sale, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James E. Lillie sold 11,568 shares of APi Group stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.98, for a total value of $427,784.64. Following the sale, the director now directly owns 1,134,635 shares of the company's stock, valued at approximately $41,958,802.30. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On APi Group

Several institutional investors have recently bought and sold shares of APG. First Horizon Advisors Inc. bought a new position in APi Group during the third quarter valued at about $26,000. Avior Wealth Management LLC bought a new position in shares of APi Group in the third quarter worth about $33,000. J.Safra Asset Management Corp increased its stake in shares of APi Group by 21.5% in the second quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company's stock worth $79,000 after purchasing an additional 373 shares during the period. Triad Wealth Partners LLC bought a new position in shares of APi Group in the second quarter worth about $132,000. Finally, Strategic Financial Concepts LLC increased its stake in shares of APi Group by 3,622.0% in the second quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company's stock worth $148,000 after purchasing an additional 382,012 shares during the period. 86.62% of the stock is currently owned by institutional investors.

APi Group Stock Performance

APG traded up $0.21 during trading hours on Thursday, hitting $38.71. The company's stock had a trading volume of 2,321,455 shares, compared to its average volume of 1,691,788. APi Group has a fifty-two week low of $30.15 and a fifty-two week high of $40.89. 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 firm has a market capitalization of $10.64 billion, a PE ratio of -19.65 and a beta of 1.55. The company has a 50-day simple moving average of $35.01 and a 200 day simple moving average of $35.60.

APi Group (NYSE:APG - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The firm had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.87 billion. During the same period last year, the firm earned $0.48 EPS. The firm's revenue was up 2.4% compared to the same quarter last year. As a group, sell-side analysts expect that APi Group will post 1.86 EPS for the current 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.