APi Group Corporation (NYSE:APG) Stock Has Average Price Target of $52.57 According to Analysts

APi Group Corporation (NYSE:APG) has been assigned a consensus rating of “Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $52.71.

Several equities research analysts recently issued reports on APG shares. Weiss Ratings cut APi Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, October 6th. Robert W. Baird set a $47.00 price objective on APi Group in a research note on Friday, July 31st. Wells Fargo & Company started coverage on APi Group in a report on Tuesday, August 4th. They set an “overweight” rating and a $53.00 target price for the company. Citigroup restated a “buy” rating and issued a $55.00 target price (up from $54.00) on shares of APi Group in a research report on Monday. Finally, UBS Group set a $52.00 price target on APi Group in a research note on Monday, July 20th.

Insider Buying and Selling at APi Group

In other APi Group news, Director James Lillie sold 285,000 shares of the firm’s 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 transaction, the director owned 8,952,350 shares in the company, valued at approximately $356,661,624. This trade represents a 3.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ian Ashken sold 214,928 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $39.91, for a total transaction of $8,577,776.48. Following the sale, the director directly owned 9,262,356 shares of the company’s stock, valued at approximately $369,660,627.96. This represents a 2.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 660,000 shares of company stock valued at $26,353,682. 18.70% of the stock is owned by corporate insiders.

Institutional Trading of APi Group

Several large investors have recently added to or reduced their stakes in APG. CoreCap Advisors LLC increased its holdings in shares of APi Group by 55.7% in the 3rd quarter. CoreCap Advisors LLC now owns 716 shares of the company’s stock valued at $28,000 after acquiring an additional 256 shares during the period. Root Financial Partners LLC increased its position in APi Group by 20.3% during the 1st quarter. Root Financial Partners LLC now owns 1,256 shares of the company’s stock worth $51,000 after purchasing an additional 212 shares during the period. Whittier Trust Co. lifted its holdings in shares of APi Group by 84.4% in the 1st quarter. Whittier Trust Co. now owns 2,060 shares of the company’s stock valued at $87,000 after buying an additional 943 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of APi Group by 35.9% in the first quarter. EverSource Wealth Advisors LLC now owns 2,297 shares of the company’s stock valued at $93,000 after buying an additional 607 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of APi Group by 68.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,833 shares of the company’s stock valued at $108,000 after buying an additional 1,149 shares in the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

APi Group Price Performance

APi Group stock opened at $40.65 on Friday. The stock has a market capitalization of $17.57 billion, a P/E ratio of 25.09, a P/E/G ratio of 2.35 and a beta of 1.57. The company’s fifty day moving average price is $40.09 and its 200 day moving average price is $41.71. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.32 and a current ratio of 1.39. APi Group has a 1 year low of $33.52 and a 1 year high of $49.99.

APi Group (NYSE:APG) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. APi Group had a net margin of 3.99% and a return on equity of 37.59%. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period last year, the firm posted $0.39 earnings per share. The company’s revenue was up 13.3% compared to the same quarter last year. As a group, equities research analysts anticipate that APi Group will post 1.72 earnings per share for the current fiscal year.

About APi Group

APi Group Corporation (NYSE: APG) is a global provider of industrial, commercial and infrastructure services. The company delivers specialized services that help customers design, install, maintain and repair essential systems across buildings, facilities and infrastructure assets.

APi Group’s operations include fire protection and life-safety services, heating, ventilation and air conditioning, electrical and communications work, utility and infrastructure services, industrial maintenance, specialty contracting and other facility services.