APi Group (NYSE:APG) Given "Sector Perform" Rating at Royal Bank of Canada

Royal Bank of Canada reiterated their sector perform rating on shares of APi Group (NYSE:APG - Free Report) in a research note issued to investors on Friday, Benzinga reports. They currently have a $45.00 price objective on the stock.

A number of other equities analysts also recently issued reports on APG. Robert W. Baird cut their price target on APi Group from $43.00 to $42.00 and set an "outperform" rating for the company in a research note on Friday, August 2nd. Barclays dropped their price objective on APi Group from $44.00 to $43.00 and set an "overweight" rating on the stock in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. lowered 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. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $43.86.

APi Group Stock Up 3.5 %

APi Group stock traded up $1.20 during mid-day trading on Friday, reaching $35.34. The stock had a trading volume of 2,693,056 shares, compared to its average volume of 1,724,475. The firm has a market capitalization of $9.71 billion, a PE ratio of -17.19 and a beta of 1.55. APi Group has a fifty-two week low of $25.51 and a fifty-two week high of $39.98. The stock's 50-day simple moving average is $33.77 and its 200-day simple moving average is $35.73. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.38 and a current ratio of 1.48.

APi Group (NYSE:APG - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. APi Group had a net margin of 2.81% and a return on equity of 36.53%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the firm posted $0.48 EPS. APi Group's revenue was up 2.4% compared to the same quarter last year. On average, sell-side analysts forecast that APi Group will post 1.86 EPS for the current fiscal year.

Insider Buying and Selling

In other APi Group news, Director Martin E. Franklin sold 178,346 shares of the business's stock in a transaction dated Thursday, August 22nd. The shares were 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 trade was a 0.00 % 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. In other news, Director Martin E. Franklin sold 178,346 shares of the company's stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the transaction, the director now owns 14,267,479 shares of the company's stock, valued at $503,071,309.54. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Louis Lambert sold 5,679 shares of the business's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $36.04, for a total value of $204,671.16. Following the completion of the sale, the senior vice president now owns 2,421 shares in the company, valued at $87,252.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 340,358 shares of company stock worth $11,653,157. Insiders own 18.20% of the company's stock.

Institutional Investors Weigh In On APi Group

A number of hedge funds and other institutional investors have recently bought and sold shares of APG. Wealth Enhancement Advisory Services LLC bought a new stake in shares of APi Group during the 1st quarter valued at $884,000. Janney Montgomery Scott LLC bought a new stake in shares of APi Group during the first quarter valued at about $221,000. Daiwa Securities Group Inc. purchased a new stake in shares of APi Group in the first quarter worth about $235,000. Chase Investment Counsel Corp lifted its holdings in shares of APi Group by 2.2% in the first quarter. Chase Investment Counsel Corp now owns 59,618 shares of the company's stock worth $2,341,000 after buying an additional 1,296 shares in the last quarter. Finally, Whittier Trust Co. boosted its position in shares of 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 acquiring an additional 752 shares during the period. 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.