APi Group Corporation (NYSE:APG) Stock Has Average Price Target of $54.67

Shares of APi Group Corporation (NYSE:APG) have been given a consensus rating of “Buy” by the ten research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $54.67.

A number of research firms recently issued reports on APG. Jefferies Financial Group reaffirmed a “buy” rating and issued a $56.00 target price on shares of APi Group in a research report on Friday, October 30th. Weiss Ratings upgraded APi Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, October 21st. JPMorgan Chase & Co. raised their price target on APi Group from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. Wall Street Zen lowered APi Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, UBS Group set a $52.00 price objective on APi Group in a research note on Monday, July 20th.

APi Group Stock Up 1.3%

Shares of NYSE:APG opened at $40.87 on Thursday. The company has a market capitalization of $17.38 billion, a PE ratio of -64.87, a PEG ratio of 1.73 and a beta of 1.57. APi Group has a 52 week low of $35.16 and a 52 week high of $49.99. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.12 and a current ratio of 1.18. The company has a 50 day moving average price of $39.87 and a two-hundred day moving average price of $41.94.

APi Group (NYSE:APG) last announced its earnings results on Thursday, October 29th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.47 by $0.03. APi Group had a net margin of 4.12% and a return on equity of 38.31%. The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the company posted $0.41 EPS. The business’s quarterly revenue was up 22.5% on a year-over-year basis. Analysts forecast that APi Group will post 1.77 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of APG. CoreCap Advisors LLC raised 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 purchasing an additional 256 shares during the period. Jacobi Capital Management LLC bought a new stake in APi Group in the 3rd quarter valued at $44,000. Root Financial Partners LLC acquired a new stake in shares of APi Group during the 3rd quarter worth about $49,000. John Boyer Inc. acquired a new position in shares of APi Group in the third quarter valued at approximately $61,000. Finally, Whittier Trust Co. grew its stake in shares of APi Group by 84.4% in the first quarter. Whittier Trust Co. now owns 2,060 shares of the company’s stock valued at $87,000 after acquiring an additional 943 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

APi Group Company Profile

APi Group Corporation is a provider of safety and specialty services for commercial, industrial and institutional customers. Its work includes the installation, inspection, maintenance and repair of systems and infrastructure used in buildings and industrial facilities.

The company’s services include fire protection and life-safety systems, security, heating and cooling, plumbing, electrical work, and other building and infrastructure services. APi Group delivers these offerings through a network of operating businesses and local brands.

APi Group traces its roots to a pipe installation business established in Minnesota in 1926.