APi Group Co. (NYSE:APG) Receives Consensus Rating of “Moderate Buy” from Brokerages

APi Group Co. (NYSE:APG) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $43.43.

A number of equities research analysts recently weighed in on APG shares. William Blair reaffirmed an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Barclays raised their price objective on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Robert W. Baird upped their target price on shares of APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. Royal Bank of Canada restated a “sector perform” rating and set a $45.00 price target on shares of APi Group in a research report on Friday, November 1st. Finally, Citigroup upped their price objective on APi Group from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, December 9th.

APi Group Stock Up 2.0 %

Shares of NYSE:APG opened at $36.65 on Monday. The firm has a fifty day moving average price of $36.67 and a two-hundred day moving average price of $35.68. The company has a market cap of $10.07 billion, a price-to-earnings ratio of -18.60 and a beta of 1.55. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. APi Group has a one year low of $30.26 and a one year high of $40.89.

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

Insider Transactions at APi Group

In related news, Director James E. Lillie sold 11,568 shares of APi Group stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.98, for a total value of $427,784.64. Following the transaction, the director now directly owns 1,134,635 shares of the company’s stock, valued at $41,958,802.30. The trade was a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ian G. H. Ashken sold 53,868 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the sale, the director now owns 5,478,779 shares of the company’s stock, valued at $202,002,581.73. This represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 18.20% of the company’s stock.

Hedge Funds Weigh In On APi Group

A number of hedge funds have recently modified their holdings of APG. Advantage Alpha Capital Partners LP increased its holdings in APi Group by 79.6% during the 3rd quarter. Advantage Alpha Capital Partners LP now owns 269,087 shares of the company’s stock valued at $8,885,000 after purchasing an additional 119,229 shares during the period. GSA Capital Partners LLP purchased a new position in shares of APi Group during the third quarter valued at approximately $881,000. Dynamic Technology Lab Private Ltd bought a new position in shares of APi Group during the third quarter valued at approximately $2,586,000. Oppenheimer Asset Management Inc. lifted its stake in APi Group by 60.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company’s stock worth $3,290,000 after acquiring an additional 37,531 shares during the period. Finally, Strategic Financial Concepts LLC boosted its holdings in APi Group by 3,622.0% in the second quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company’s stock valued at $148,000 after acquiring an additional 382,012 shares in the last quarter. Hedge funds and other 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.