Brokerages Set APi Group Corporation (NYSE:APG) PT at $52.57

Shares of APi Group Corporation (NYSE:APG) have earned a consensus recommendation of “Buy” from the eight analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $52.5714.

A number of analysts have recently weighed in on the stock. Wells Fargo & Company initiated coverage on shares of APi Group in a research report on Tuesday, August 4th. They issued an “overweight” rating and a $53.00 target price on the stock. Robert W. Baird set a $47.00 price target on shares of APi Group in a research report on Friday, July 31st. Citigroup reissued a “buy” rating and set a $54.00 price objective (up from $53.00) on shares of APi Group in a research note on Friday, July 31st. UBS Group set a $52.00 price target on APi Group in a research note on Monday, July 20th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of APi Group in a research report on Tuesday, September 8th.

Insider Buying and Selling

In related news, Director Ian Ashken sold 85,072 shares of the firm’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 sale, the director owned 9,177,284 shares of the company’s stock, valued at $370,395,182.24. This trade represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Lillie sold 285,000 shares of APi Group stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $39.84, for a total value of $11,354,400.00. Following the completion of the sale, the director directly owned 8,952,350 shares of the company’s stock, valued at approximately $356,661,624. The trade was a 3.09% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 660,000 shares of company stock worth $26,353,682. Corporate insiders own 18.70% of the company’s stock.

Institutional Investors Weigh In On APi Group

A number of large investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC increased its position in APi Group by 1.1% during the first quarter. Janus Henderson Group PLC now owns 23,367,041 shares of the company’s stock valued at $946,846,000 after acquiring an additional 250,873 shares during the last quarter. Geode Capital Management LLC grew its position in shares of APi Group by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 7,250,619 shares of the company’s stock valued at $277,465,000 after acquiring an additional 624,529 shares during the period. Montrusco Bolton Investments Inc. increased its position in APi Group by 50.5% in the first quarter. Montrusco Bolton Investments Inc. now owns 4,652,145 shares of the company’s stock worth $183,537,000 after buying an additional 1,561,990 shares in the last quarter. Norges Bank bought a new position in shares of APi Group in the fourth quarter worth about $181,066,000. Finally, Westfield Capital Management Co. LP bought a new stake in APi Group during the 4th quarter worth approximately $132,125,000. Institutional investors own 86.62% of the company’s stock.

APi Group Stock Performance

NYSE:APG opened at $37.41 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.39 and a debt-to-equity ratio of 0.91. The firm’s fifty day simple moving average is $40.29 and its 200 day simple moving average is $42.00. The stock has a market cap of $16.17 billion, a P/E ratio of -55.83, a price-to-earnings-growth ratio of 2.16 and a beta of 1.60. APi Group has a twelve month low of $33.40 and a twelve month high of $49.99.

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

APi Group Company Profile

APi Group Corporation (NYSE: APG) is a global provider of safety and specialty services for commercial, industrial, infrastructure and residential customers. Through a network of operating companies, it helps customers design, install, inspect, maintain and repair critical building and infrastructure systems.

The company’s services include fire protection and life-safety systems, heating, ventilation and air conditioning, plumbing, electrical work, specialty contracting, industrial maintenance, infrastructure services, security systems, environmental services and emergency response.