Brokerages Set APi Group Co. (NYSE:APG) Target Price at $43.43

APi Group Co. (NYSE:APG - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eight research firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $43.43.

APG has been the topic of several research reports. Royal Bank of Canada reissued a "sector perform" rating and set a $45.00 price objective on shares of APi Group in a research report on Friday, November 1st. Citigroup lifted their price objective on shares of APi Group from $42.00 to $45.00 and gave the company a "buy" rating in a research report on Monday, December 9th. William Blair restated an "outperform" rating on shares of APi Group in a research report on Thursday, December 5th. Robert W. Baird raised their target price on APi Group from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, November 26th. Finally, Barclays upped their price target on shares of APi Group from $43.00 to $44.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APG. First Horizon Advisors Inc. acquired a new position in shares of APi Group during the 3rd quarter worth about $26,000. Avior Wealth Management LLC acquired a new stake in shares of APi Group in the third quarter valued at approximately $33,000. SG Americas Securities LLC bought a new stake in APi Group during the 3rd quarter worth about $165,000. KBC Group NV boosted its position in APi Group by 14.8% during the third quarter. KBC Group NV now owns 5,601 shares of the company's stock valued at $185,000 after purchasing an additional 721 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of APi Group in the 3rd quarter valued at approximately $206,000. Institutional investors own 86.62% of the company's stock.

APi Group Trading Up 0.1 %

Shares of APG traded up $0.02 during trading on Monday, reaching $36.02. 1,002,858 shares of the company traded hands, compared to its average volume of 1,676,175. The stock has a 50-day simple moving average of $36.51 and a 200-day simple moving average of $35.70. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. APi Group has a twelve month low of $30.26 and a twelve month high of $40.89. The stock has a market cap of $9.90 billion, a PE ratio of -18.28 and a beta of 1.55.

APi Group (NYSE:APG - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The company's quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the business posted $0.48 earnings per share. On average, analysts anticipate that APi Group will post 1.83 earnings per share for the current 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.