APi Group Co. (NYSE:APG) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of APi Group Co. (NYSE:APG - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the nine brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $43.38.

Several research analysts have issued reports on APG shares. Citigroup dropped their target price 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 upgraded APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price objective for the company in a report on Tuesday, January 14th. Truist Financial began coverage on APi Group in a research note on Wednesday. They issued a "buy" rating and a $45.00 target price on the stock. Robert W. Baird boosted their target price on shares of APi Group from $39.00 to $40.00 and gave the company an "outperform" rating in a research note on Tuesday, November 26th. Finally, William Blair restated an "outperform" rating on shares of APi Group in a report on Thursday, December 5th.

Insiders Place Their Bets

In other news, Director James E. Lillie sold 11,568 shares of the business's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ian G. H. Ashken sold 53,868 shares of the firm's stock in a transaction dated 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 sale, the director now directly owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. The trade was a 0.97 % decrease in their position. 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

A number of large investors have recently added to or reduced their stakes in APG. First Horizon Advisors Inc. bought a new position in shares of APi Group during the 3rd quarter worth approximately $26,000. Blue Trust Inc. grew its holdings in APi Group by 92.3% in the fourth quarter. Blue Trust Inc. now owns 804 shares of the company's stock worth $27,000 after purchasing an additional 386 shares during the last quarter. Avior Wealth Management LLC acquired a new position in shares of APi Group during the third quarter worth $33,000. ORG Wealth Partners LLC acquired a new stake in shares of APi Group in the 4th quarter worth $34,000. Finally, R Squared Ltd purchased a new position in APi Group during the 4th quarter worth $85,000. 86.62% of the stock is currently owned by institutional investors.

APi Group Trading Up 0.0 %

NYSE:APG traded up $0.01 during midday trading on Friday, hitting $38.15. 886,998 shares of the company traded hands, compared to its average volume of 1,115,080. The firm has a market capitalization of $10.48 billion, a P/E ratio of -19.36 and a beta of 1.55. The firm's fifty day moving average is $37.19 and its 200-day moving average is $35.60. APi Group has a 12-month low of $31.44 and a 12-month 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.

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