APi Group Corporation (NYSE:APG) Receives $38.81 Average Target Price from Analysts

APi Group Corporation (NYSE:APG) has been given an average recommendation of “Moderate Buy” by the ten brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $39.3810.

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

Insider Buying and Selling

In related news, Director Martin E. Franklin sold 340,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $36.09, for a total value of $12,270,600.00. Following the sale, the director owned 18,968,790 shares of the company’s stock, valued at $684,583,631.10. This trade represents a 1.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anthony E. Malkin purchased 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was purchased at an average price of $39.58 per share, with a total value of $118,740.00. Following the purchase, the director directly owned 7,000 shares of the company’s stock, valued at $277,060. The trade was a 75.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 7,000 shares of company stock worth $275,720 and have sold 900,000 shares worth $32,342,000. 17.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On APi Group

Several institutional investors have recently modified their holdings of APG. Clearstead Advisors LLC increased its holdings 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 acquiring an additional 427 shares during the last quarter. 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 buying an additional 286 shares during the last quarter. Parallel Advisors LLC raised its stake 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 acquiring an additional 297 shares in the last quarter. Bares Capital Management Inc. purchased a new stake in APi Group in the second quarter valued at $30,000. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in APi Group in the third quarter valued at $31,000. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Stock Performance

Shares of NYSE:APG opened at $42.78 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.48 and a quick ratio of 1.41. APi Group has a 1 year low of $20.50 and a 1 year high of $42.94. The firm has a market capitalization of $17.79 billion, a PE ratio of 116.67 and a beta of 1.70. The business’s 50 day moving average price is $38.86 and its 200-day moving average price is $36.28.

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