APi Group Co. (NYSE:APG) Receives $43.86 Consensus PT from Brokerages

APi Group Co. (NYSE:APG - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seven research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $43.86.

APG has been the topic of several recent analyst reports. Robert W. Baird decreased their price target on APi Group from $43.00 to $42.00 and set an "outperform" rating on the stock in a research note on Friday, August 2nd. Barclays decreased their target price on APi Group from $44.00 to $43.00 and set an "overweight" rating on the stock in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. dropped their target price on shares of APi Group from $37.00 to $34.00 and set a "neutral" rating for the company in a report on Friday, August 2nd.

APi Group Price Performance

Shares of NYSE APG traded down $0.01 during mid-day trading on Tuesday, reaching $35.59. The company had a trading volume of 766,521 shares, compared to its average volume of 1,740,196. The firm has a market cap of $9.76 billion, a price-to-earnings ratio of -16.58, a PEG ratio of 1.06 and a beta of 1.57. The business's 50-day simple moving average is $36.30 and its 200 day simple moving average is $36.99. APi Group has a one year low of $24.61 and a one year high of $39.98. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.26 and a current ratio of 1.35.

APi Group (NYSE:APG - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The company had revenue of $1.73 billion during the quarter, compared to analysts' expectations of $1.79 billion. APi Group had a net margin of 2.81% and a return on equity of 39.16%. The business's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 EPS. On average, research analysts predict that APi Group will post 1.88 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Global Investors Lp Viking sold 1,951,782 shares of the firm's stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $38.15, for a total value of $74,460,483.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Global Investors Lp Viking sold 1,951,782 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $38.15, for a total value of $74,460,483.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Martin E. Franklin sold 178,346 shares of APi Group stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total value of $6,288,479.96. Following the transaction, the director now directly owns 14,267,479 shares in the company, valued at $503,071,309.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,286,461 shares of company stock valued at $85,908,969. 16.40% of the stock is currently owned by corporate insiders.

Institutional Trading of APi Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. grew its holdings in APi Group by 43.8% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,280 shares of the company's stock worth $44,000 after acquiring an additional 390 shares during the period. Whittier Trust Co. lifted its stake in APi Group by 100.9% in the first quarter. Whittier Trust Co. now owns 1,497 shares of the company's stock valued at $59,000 after buying an additional 752 shares during the period. J.Safra Asset Management Corp lifted its stake in APi Group by 81.3% in the first quarter. J.Safra Asset Management Corp now owns 1,731 shares of the company's stock valued at $68,000 after buying an additional 776 shares during the period. Motco bought a new position in shares of APi Group during the 1st quarter worth approximately $83,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of APi Group during the 2nd quarter worth approximately $132,000. Institutional investors and hedge funds 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.