APi Group Corporation (NYSE:APG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

APi Group Corporation (NYSE:APG) has received an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $52.5714.

Several equities research analysts recently issued reports on APG shares. Robert W. Baird set a $47.00 price target on APi Group in a research note on Friday, July 31st. Barclays restated an “overweight” rating and set a $54.00 price objective (up from $52.00) on shares of APi Group in a research note on Thursday, May 7th. Citigroup reaffirmed a “buy” rating and issued a $54.00 price objective (up from $53.00) on shares of APi Group in a report on Friday, July 31st. Wells Fargo & Company started coverage on APi Group in a research report on Tuesday, August 4th. They set an “overweight” rating and a $53.00 target price for the company. Finally, Wall Street Zen lowered APi Group from a “buy” rating to a “hold” rating in a report on Saturday, August 1st.

APi Group Price Performance

APi Group stock opened at $39.70 on Friday. The company has a market capitalization of $17.16 billion, a price-to-earnings ratio of -59.25, a PEG ratio of 2.40 and a beta of 1.60. The company has a current ratio of 1.39, a quick ratio of 1.32 and a debt-to-equity ratio of 0.91. APi Group has a 12 month low of $33.40 and a 12 month high of $49.99. The stock’s 50 day moving average is $41.28 and its 200-day moving average is $42.64.

APi Group (NYSE:APG) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. APi Group had a return on equity of 37.59% and a net margin of 3.99%.The business had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same period last year, the firm posted $0.39 EPS. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. Equities research analysts expect that APi Group will post 1.72 EPS for the current year.

Insider Activity

In other APi Group news, Director Anthony E. Malkin sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $42.47, for a total value of $297,290.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ian G. H. Ashken sold 85,072 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $40.36, for a total transaction of $3,433,505.92. Following the completion of the transaction, the director owned 9,177,284 shares of the company’s stock, valued at $370,395,182.24. The trade was a 0.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 2,667,000 shares of company stock worth $110,810,972. 18.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Silicon Valley Capital Partners boosted its holdings in shares of APi Group by 50.0% in the 3rd quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock valued at $29,000 after purchasing an additional 286 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of APi Group by 55.3% during the 3rd quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock worth $29,000 after buying an additional 297 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in APi Group by 1,851.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 761 shares of the company’s stock valued at $29,000 after buying an additional 722 shares in the last quarter. Cornerstone Planning Group LLC grew its position in APi Group by 14,720.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 741 shares of the company’s stock valued at $31,000 after acquiring an additional 736 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in APi Group by 146.7% during the fourth quarter. IFP Advisors Inc now owns 824 shares of the company’s stock worth $32,000 after acquiring an additional 490 shares in the last quarter. 86.62% of the stock is owned by institutional investors.

APi Group Company Profile

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.