APi Group Co. (NYSE:APG – Get Free Report) has received a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $50.57.
APG has been the subject of a number of analyst reports. Robert W. Baird boosted their price target on APi Group from $47.00 to $51.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. Barclays lifted their target price on APi Group from $48.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday. JPMorgan Chase & Co. boosted their target price on APi Group from $39.00 to $46.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Citigroup cut their target price on APi Group from $46.00 to $42.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Truist Financial lifted their price target on APi Group from $48.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, May 22nd.
Get Our Latest Research Report on APG
APi Group Stock Performance
APi Group’s stock is scheduled to split before the market opens on Tuesday, July 1st. The 3-2 split was announced on Wednesday, May 21st. The newly created shares will be distributed to shareholders after the market closes on Monday, June 30th.
APi Group (NYSE:APG – Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.35 by $0.02. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the firm earned $0.34 EPS. The business’s revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts forecast that APi Group will post 1.83 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other APi Group news, Director Ian G. H. Ashken sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $42.72, for a total value of $6,408,000.00. Following the sale, the director now owns 5,612,102 shares in the company, valued at $239,748,997.44. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 17.00% of the company’s stock.
Hedge Funds Weigh In On APi Group
A number of large investors have recently made changes to their positions in APG. Blue Trust Inc. boosted its holdings in shares of APi Group by 92.3% in the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock valued at $27,000 after purchasing an additional 386 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of APi Group during the 1st quarter valued at $38,000. First Horizon Advisors Inc. lifted its holdings in APi Group by 53.4% during the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock worth $43,000 after buying an additional 414 shares during the period. GAMMA Investing LLC lifted its holdings in APi Group by 105.5% during the 1st quarter. GAMMA Investing LLC now owns 1,529 shares of the company’s stock worth $55,000 after buying an additional 785 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in APi Group by 339.0% during the 1st quarter. Versant Capital Management Inc now owns 1,633 shares of the company’s stock worth $58,000 after buying an additional 1,261 shares during the period. Institutional investors own 86.62% of the company’s stock.
APi Group Company Profile
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.
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