Brokerages Set APi Group Co. (NYSE:APG) Price Target at $44.00

APi Group Co. (NYSE:APG) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $44.00.

A number of research firms recently issued reports on APG. Robert W. Baird reduced their price objective on APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Barclays boosted their price target on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $45.00 price objective on shares of APi Group in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. reduced their target price on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd.

Insider Buying and Selling

In other APi Group news, Director Martin E. Franklin sold 178,346 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the sale, the director now directly owns 14,267,479 shares in the company, valued at approximately $503,071,309.54. The trade was a 1.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James E. Lillie sold 11,568 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $36.98, for a total transaction of $427,784.64. Following the completion of the sale, the director now directly owns 1,134,635 shares of the company’s stock, valued at approximately $41,958,802.30. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 249,461 shares of company stock valued at $8,907,049 over the last 90 days. 18.20% of the stock is currently owned by company insiders.

Institutional Trading of APi Group

A number of hedge funds and other institutional investors have recently modified their holdings of APG. Geode Capital Management LLC boosted its stake in APi Group by 2.9% during the third quarter. Geode Capital Management LLC now owns 3,730,499 shares of the company’s stock valued at $123,217,000 after buying an additional 106,119 shares in the last quarter. Barclays PLC lifted its holdings in APi Group by 1.6% in the 3rd quarter. Barclays PLC now owns 364,281 shares of the company’s stock valued at $12,026,000 after acquiring an additional 5,701 shares during the last quarter. MML Investors Services LLC grew its stake in shares of APi Group by 6.3% in the 3rd quarter. MML Investors Services LLC now owns 54,888 shares of the company’s stock worth $1,812,000 after purchasing an additional 3,266 shares during the last quarter. Orion Portfolio Solutions LLC raised its holdings in shares of APi Group by 17.0% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 48,003 shares of the company’s stock worth $1,585,000 after purchasing an additional 6,971 shares in the last quarter. Finally, XTX Topco Ltd raised its holdings in shares of APi Group by 15.1% in the 3rd quarter. XTX Topco Ltd now owns 45,539 shares of the company’s stock worth $1,504,000 after purchasing an additional 5,987 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

APi Group Stock Down 2.3 %

APG stock opened at $35.37 on Friday. The firm has a fifty day moving average price of $34.11 and a two-hundred day moving average price of $35.57. 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 1-year low of $28.97 and a 1-year high of $39.98. The firm has a market cap of $9.72 billion, a price-to-earnings ratio of -17.95 and a beta of 1.54.

APi Group (NYSE:APG) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the business earned $0.48 earnings per share. APi Group’s quarterly revenue was up 2.4% on a year-over-year basis. Research analysts predict that APi Group will post 1.86 EPS for the current year.

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.