Royal Bank of Canada Upgrades APi Group (NYSE:APG) to "Outperform"

Royal Bank of Canada upgraded shares of APi Group (NYSE:APG - Free Report) from a sector perform rating to an outperform rating in a research report report published on Tuesday, Marketbeat.com reports. The firm currently has $45.00 target price on the stock.

A number of other equities analysts also recently commented on APG. Robert W. Baird raised their price objective on shares of APi Group from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Tuesday, November 26th. Barclays lifted their price objective on APi Group from $43.00 to $44.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Citigroup cut 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. Finally, William Blair reiterated an "outperform" rating on shares of APi Group in a research note on Thursday, December 5th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, APi Group currently has a consensus rating of "Moderate Buy" and an average price target of $43.14.

APi Group Stock Performance

Shares of APG stock traded up $1.25 during trading hours on Tuesday, reaching $37.03. 1,215,136 shares of the company's stock were exchanged, compared to its average volume of 1,337,392. The business has a fifty day moving average price of $37.04 and a 200-day moving average price of $35.53. The stock has a market capitalization of $10.17 billion, a P/E ratio of -18.80 and a beta of 1.55. 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 fifty-two week low of $31.16 and a fifty-two week high of $40.89.

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

Insider Buying and Selling

In other news, 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 transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James E. Lillie sold 11,568 shares of the firm'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 owns 1,134,635 shares in the company, valued at $41,958,802.30. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On APi Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APG. Park Avenue Securities LLC raised its position in shares of APi Group by 48.0% in the 4th quarter. Park Avenue Securities LLC now owns 12,777 shares of the company's stock valued at $460,000 after acquiring an additional 4,144 shares during the period. ORG Wealth Partners LLC acquired a new stake in APi Group in the fourth quarter worth $34,000. Everence Capital Management Inc. bought a new position in shares of APi Group during the fourth quarter worth $288,000. Tidal Investments LLC grew its holdings in shares of APi Group by 10.8% in the 3rd quarter. Tidal Investments LLC now owns 54,553 shares of the company's stock valued at $1,801,000 after buying an additional 5,337 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of APi Group in the 3rd quarter valued at $450,000. Institutional investors own 86.62% of the company's stock.

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.