APi Group Corporation (NYSE:APG) Receives $52.14 Average Target Price from Analysts

APi Group Corporation (NYSE:APG) has received a consensus rating of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $52.1429.

APG has been the subject of several analyst reports. Barclays reaffirmed an “overweight” rating and set a $54.00 target price (up from $52.00) on shares of APi Group in a research report on Thursday, May 7th. UBS Group raised their target price on APi Group from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Robert W. Baird set a $52.00 target price on APi Group in a research report on Friday, May 1st. Wall Street Zen raised APi Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Truist Financial set a $55.00 target price on APi Group and gave the stock a “buy” rating in a research report on Friday, May 1st.

Insiders Place Their Bets

In other APi Group news, Director James E. Lillie sold 15,648 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $45.50, for a total transaction of $711,984.00. Following the completion of the sale, the director directly owned 1,275,019 shares in the company, valued at approximately $58,013,364.50. This trade represents a 1.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Martin E. Franklin sold 3,000,000 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $40.88, for a total value of $122,640,000.00. Following the sale, the director owned 21,240,426 shares of the company’s stock, valued at approximately $868,308,614.88. The trade was a 12.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 5,126,000 shares of company stock worth $217,071,030. Company insiders own 18.70% of the company’s stock.

Institutional Trading of APi Group

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in APi Group by 49.6% during the 3rd quarter. Vanguard Group Inc. now owns 35,138,767 shares of the company’s stock worth $1,207,719,000 after acquiring an additional 11,644,990 shares during the period. Janus Henderson Group PLC grew its holdings in APi Group by 1.1% during the 1st quarter. Janus Henderson Group PLC now owns 23,367,041 shares of the company’s stock worth $946,846,000 after acquiring an additional 250,873 shares during the period. Durable Capital Partners LP grew its holdings in APi Group by 40.2% during the 3rd quarter. Durable Capital Partners LP now owns 14,898,178 shares of the company’s stock worth $512,050,000 after acquiring an additional 4,274,610 shares during the period. Viking Global Investors LP grew its holdings in APi Group by 6.7% during the 3rd quarter. Viking Global Investors LP now owns 12,306,277 shares of the company’s stock worth $422,967,000 after acquiring an additional 768,759 shares during the period. Finally, State Street Corp grew its holdings in APi Group by 0.8% during the 4th quarter. State Street Corp now owns 10,863,164 shares of the company’s stock worth $415,625,000 after acquiring an additional 91,388 shares during the period. 86.62% of the stock is currently owned by institutional investors and hedge funds.

APi Group Stock Down 2.3%

Shares of APG opened at $42.26 on Thursday. APi Group has a 52 week low of $30.00 and a 52 week high of $49.99. The stock has a market capitalization of $18.31 billion, a price-to-earnings ratio of -59.52, a PEG ratio of 2.54 and a beta of 1.67. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.36 and a current ratio of 1.44. The stock has a fifty day moving average of $43.69 and a 200-day moving average of $41.62.

APi Group (NYSE:APG) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. APi Group had a return on equity of 37.63% and a net margin of 3.85%.The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the prior year, the company earned $0.37 EPS. APi Group’s revenue was up 15.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that APi Group will post 1.7 earnings per share for the current fiscal year.

About APi Group

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.