APi Group Corporation (NYSE:APG) Receives Average Rating of “Moderate Buy” from Analysts

Shares of APi Group Corporation (NYSE:APG) have been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $41.2381.

Several research analysts have weighed in on APG shares. CJS Securities raised APi Group to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings restated a “hold (c+)” rating on shares of APi Group in a report on Monday, December 22nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of APi Group in a research note on Tuesday, December 23rd. Citigroup restated a “buy” rating and set a $49.00 price target (up previously from $45.00) on shares of APi Group in a research note on Monday. Finally, Barclays raised their target price on APi Group from $42.00 to $44.00 and gave the company an “overweight” rating in a report on Monday, November 3rd.

Insiders Place Their Bets

In related news, Director Martin E. Franklin sold 340,000 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $36.09, for a total transaction of $12,270,600.00. Following the completion of the sale, the director owned 18,968,790 shares in the company, valued at $684,583,631.10. This represents a 1.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Anthony E. Malkin bought 3,000 shares of the stock in a transaction on Wednesday, December 10th. The stock was acquired at an average cost of $39.58 per share, for a total transaction of $118,740.00. Following the acquisition, the director directly owned 7,000 shares in the company, valued at approximately $277,060. The trade was a 75.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have acquired 7,000 shares of company stock valued at $275,720 and have sold 900,000 shares valued at $32,342,000. 17.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Clearstead Advisors LLC lifted its stake in shares of APi Group by 105.7% in the 3rd quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock valued at $29,000 after purchasing an additional 427 shares during the period. Silicon Valley Capital Partners grew its position 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 during the period. Parallel Advisors LLC increased its holdings in 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 purchasing an additional 297 shares in the last quarter. Bares Capital Management Inc. bought a new position in APi Group in the second quarter valued at $30,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in APi Group in the 3rd quarter valued at $31,000. Institutional investors own 86.62% of the company’s stock.

APi Group Stock Up 1.4%

APi Group stock opened at $42.63 on Friday. The firm’s 50 day moving average price is $39.11 and its two-hundred day moving average price is $36.36. The firm has a market cap of $17.73 billion, a PE ratio of 116.25 and a beta of 1.70. APi Group has a twelve month low of $20.50 and a twelve month high of $43.26. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.41 and a current ratio of 1.48.

APi Group (NYSE:APG) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. APi Group had a net margin of 3.44% and a return on equity of 21.86%. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the business posted $0.51 earnings per share. APi Group’s revenue for the quarter was up 14.2% compared to the same quarter last year. On average, research analysts predict that APi Group will post 1.83 EPS for the current fiscal year.

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.