APi Group Co. (NYSE:APG) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of APi Group Co. (NYSE:APG - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eight brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $43.43.

APG has been the subject of a number of analyst reports. Citigroup reduced their price target on APi Group from $45.00 to $43.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Royal Bank of Canada raised APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price objective for the company in a research note on Tuesday, January 14th. Truist Financial reaffirmed a "buy" rating and issued a $48.00 price objective (up previously from $45.00) on shares of APi Group in a research note on Thursday, February 27th. UBS Group dropped their price objective on APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Finally, Robert W. Baird upped their price objective on APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th.

APi Group Stock Performance

APG traded down $0.45 during midday trading on Friday, reaching $37.07. The company had a trading volume of 780,047 shares, compared to its average volume of 1,634,139. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The business has a 50-day moving average of $37.71 and a two-hundred day moving average of $36.17. The company has a market cap of $10.29 billion, a P/E ratio of -18.82 and a beta of 1.54. APi Group has a 1 year low of $31.44 and a 1 year high of $41.31.

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Insider Activity at APi Group

In related news, Director James E. Lillie sold 50,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the completion of the transaction, the director now directly owns 1,046,203 shares of the company's stock, valued at approximately $39,724,327.91. This represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 18.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On APi Group

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of APi Group by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 23,124,584 shares of the company's stock valued at $831,791,000 after purchasing an additional 127,038 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of APi Group by 20.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,627,444 shares of the company's stock valued at $562,120,000 after purchasing an additional 2,602,758 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of APi Group by 118.2% in the 4th quarter. Capital Research Global Investors now owns 10,947,284 shares of the company's stock valued at $393,774,000 after purchasing an additional 5,931,314 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of APi Group by 19.2% in the 4th quarter. Janus Henderson Group PLC now owns 10,003,065 shares of the company's stock valued at $359,811,000 after purchasing an additional 1,611,744 shares during the last quarter. Finally, Durable Capital Partners LP lifted its stake in shares of APi Group by 199.8% in the 4th quarter. Durable Capital Partners LP now owns 5,007,539 shares of the company's stock valued at $180,121,000 after purchasing an additional 3,337,468 shares during the last quarter. 86.62% of the stock is owned by institutional investors.

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.