APi Group (NYSE:APG) Downgraded to “Strong Sell” at Zacks Investment Research


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APi Group (NYSE:APG) was downgraded by Zacks Investment Research from a “buy” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

According to Zacks, “APi Group Corporation provides business services of safety, specialty and industrial. The Company offers critical pipeline integrity and construction services for energy companies, utilities, public agencies, and contractors, as well as end-to-end fire protection solutions, including design, installation, inspection and service of fire protection systems. It operates principally in North America. APi Group Corporation is based in MN, United States. “

APG has been the subject of a number of other reports. BidaskClub downgraded shares of APi Group from a “buy” rating to a “hold” rating in a report on Thursday, January 7th. ValuEngine downgraded shares of APi Group from a “hold” rating to a “sell” rating in a research note on Monday, November 2nd. Finally, Barclays boosted their price objective on shares of APi Group from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, December 14th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. APi Group presently has an average rating of “Hold” and an average target price of $19.00.

APi Group stock opened at $17.05 on Tuesday. APi Group has a 1 year low of $8.84 and a 1 year high of $18.35. The firm has a 50 day moving average price of $17.23 and a 200 day moving average price of $14.95. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.74 and a current ratio of 1.80.

APi Group (NYSE:APG) last released its earnings results on Sunday, November 15th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.09. The company had revenue of $953.00 million during the quarter, compared to analysts’ expectations of $949.21 million. The business’s revenue for the quarter was down 8.9% compared to the same quarter last year. Equities research analysts expect that APi Group will post 1.13 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new stake in APi Group in the third quarter valued at $206,000. Squarepoint Ops LLC bought a new position in APi Group in the 3rd quarter valued at about $221,000. Paloma Partners Management Co bought a new position in APi Group in the 3rd quarter valued at about $658,000. Brookstone Capital Management bought a new position in shares of APi Group during the 4th quarter valued at about $984,000. Finally, Johnson Financial Group Inc. bought a new position in shares of APi Group during the 3rd quarter valued at about $996,000. 77.48% of the stock is currently owned by institutional investors and hedge funds.

APi Group Company Profile

APi Group Corporation provides commercial life safety solutions and industrial specialty services primarily in the United States. It operates through three segments: Safety Services, Specialty Services, and Industrial Services. The Safety Services segment offers safety solutions focusing on end-to-end integrated occupancy systems, such as fire protection solutions, and HVAC and entry systems, which include the design, installation, inspection, and service of these integrated systems.

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