APi Group Corporation (APG) – What Are Brokerages Thinking About This Stock?

Shares of APi Group Corporation (NYSE:APG) have been assigned a consensus rating of “Buy” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $54.67.

Several analysts recently weighed in on APG shares. Jefferies Financial Group reissued a “buy” rating and set a $56.00 price target on shares of APi Group in a report on Friday, October 30th. JPMorgan Chase & Co. raised their price target on APi Group from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, October 30th. Wall Street Zen downgraded APi Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Robert W. Baird set a $47.00 price objective on shares of APi Group in a research report on Friday, July 31st. Finally, UBS Group set a $52.00 price objective on shares of APi Group in a research note on Monday, July 20th.

Institutional Trading of APi Group

A number of institutional investors and hedge funds have recently made changes to their positions in APG. CoreCap Advisors LLC raised its position in APi Group by 55.7% during the third quarter. CoreCap Advisors LLC now owns 716 shares of the company’s stock valued at $28,000 after purchasing an additional 256 shares in the last quarter. Jacobi Capital Management LLC bought a new stake in APi Group during the third quarter worth $44,000. Root Financial Partners LLC acquired a new stake in shares of APi Group in the 3rd quarter valued at $49,000. John Boyer Inc. acquired a new stake in shares of APi Group in the 3rd quarter valued at $61,000. Finally, Whittier Trust Co. boosted its holdings in shares of APi Group by 84.4% in the 1st quarter. Whittier Trust Co. now owns 2,060 shares of the company’s stock valued at $87,000 after purchasing an additional 943 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

APi Group Stock Up 4.1%

APG opened at $42.55 on Thursday. APi Group has a 1-year low of $35.57 and a 1-year high of $49.99. The stock’s fifty day simple moving average is $39.93 and its 200 day simple moving average is $41.95. The company has a current ratio of 1.18, a quick ratio of 1.12 and a debt-to-equity ratio of 0.92. The stock has a market cap of $18.10 billion, a PE ratio of -67.54, a price-to-earnings-growth ratio of 1.86 and a beta of 1.57.

APi Group (NYSE:APG) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. APi Group had a return on equity of 38.31% and a net margin of 4.12%. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter last year, the firm posted $0.41 EPS. The company’s quarterly revenue was up 22.5% on a year-over-year basis. As a group, research analysts expect that APi Group will post 1.77 earnings per share for the current year.

About APi Group

APi Group Corporation is a provider of safety and specialty services for commercial, industrial and institutional customers. Its work includes the installation, inspection, maintenance and repair of systems and infrastructure used in buildings and industrial facilities.

The company’s services include fire protection and life-safety systems, security, heating and cooling, plumbing, electrical work, and other building and infrastructure services. APi Group delivers these offerings through a network of operating businesses and local brands.

APi Group traces its roots to a pipe installation business established in Minnesota in 1926.