APi Group (NYSE:APG) Stock Gets Price Target Bump from Wells Fargo & Company

Key Points

• Wells Fargo raised APi Group’s price target from $53 to $60 while maintaining an “overweight” rating, implying roughly 36% upside from the prior close. Analysts overall maintain a “Buy” consensus with an average target of $54.38.
• APi Group reported strong quarterly results, with revenue rising 22.5% year over year to $2.55 billion and adjusted EPS of $0.50 topping the $0.47 consensus estimate.
• The stock traded at $44.02, while insider selling totaled 660,000 shares worth about $26.4 million last quarter. Institutional investors own a substantial 86.62% of the company.

APi Group (NYSE:APG - Get Free Report) had its price objective raised by equities research analysts at Wells Fargo & Company from $53.00 to $60.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Wells Fargo & Company's price objective would suggest a potential upside of 36.30% from the company's previous close.

APG has been the subject of several other research reports. Citigroup reaffirmed a "buy" rating and issued a $55.00 price target (up from $54.00) on shares of APi Group in a research report on Monday, October 12th. Weiss Ratings raised shares of APi Group from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, October 21st. Jefferies Financial Group restated a "buy" rating and set a $56.00 price target on shares of APi Group in a research report on Friday. Truist Financial set a $58.00 price target on APi Group and gave the stock a "buy" rating in a report on Friday. Finally, Robert W. Baird set a $47.00 price objective on APi Group in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $54.38.

APi Group Price Performance

NYSE APG traded down $1.00 during trading hours on Friday, reaching $44.02. 2,054,109 shares of the stock traded hands, compared to its average volume of 2,923,183. The company has a market cap of $19.02 billion, a price-to-earnings ratio of -65.91, a price-to-earnings-growth ratio of 1.86 and a beta of 1.57. The stock has a 50 day simple moving average of $39.59 and a two-hundred day simple moving average of $41.91. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.39 and a quick ratio of 1.32. APi Group has a 1 year low of $34.87 and a 1 year high of $49.99.

APi Group (NYSE:APG - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. APi Group had a return on equity of 37.59% and a net margin of 3.99%. The business had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.40 billion. During the same quarter last year, the business posted $0.41 EPS. The business's revenue was up 22.5% on a year-over-year basis. On average, analysts predict that APi Group will post 1.73 EPS for the current fiscal year.

Insider Transactions at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 214,928 shares of the firm'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 transaction, the director owned 9,262,356 shares of the company's stock, valued at approximately $369,660,627.96. This trade represents a 2.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James E. Lillie sold 285,000 shares of the firm's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $39.84, for a total value of $11,354,400.00. Following the transaction, the director directly owned 8,952,350 shares of the company's stock, valued at $356,661,624. This represents a 3.09% 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. Insiders sold 660,000 shares of company stock valued at $26,353,682 over the last quarter. Insiders own 18.70% of the company's stock.

Institutional Investors Weigh In On APi Group

Institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp acquired a new position in shares of APi Group in the second quarter valued at $93,030,000. Montrusco Bolton Investments Inc. raised its stake in APi Group by 50.5% in the first quarter. Montrusco Bolton Investments Inc. now owns 4,652,145 shares of the company's stock valued at $183,537,000 after purchasing an additional 1,561,990 shares in the last quarter. Squarepoint Ops LLC increased its holdings in APi Group by 125.4% in the 2nd quarter. Squarepoint Ops LLC now owns 967,869 shares of the company's stock valued at $40,989,000 after buying an additional 538,508 shares during the period. Ancora Advisors LLC acquired a new stake in shares of APi Group in the 2nd quarter valued at $14,448,000. Finally, JNBA Financial Advisors lifted its holdings in shares of APi Group by 66.6% in the second quarter. JNBA Financial Advisors now owns 699,242 shares of the company's stock worth $29,613,000 after acquiring an additional 279,448 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company's stock.

Key APi Group News

Here are the key news stories impacting APi Group this week:

• Positive Sentiment: APi reported record third-quarter revenue of approximately $2.55 billion, up 22.5% year over year, including 15.7% organic growth. Adjusted EBITDA increased 24.6% to $350 million, while the adjusted EBITDA margin expanded to 13.7%. APi Group Reports Record Third Quarter 2026 Financial Results and Raises Full-Year 2026 Outlook
• Positive Sentiment: Quarterly adjusted earnings reached $0.50 per share, exceeding the $0.47 analyst consensus and rising from $0.41 a year earlier. Net income also increased to $114 million, supporting the bullish earnings reaction. APi Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: Management raised 2026 guidance for the third time this year, now expecting $9.20 billion-$9.25 billion in revenue and $1.235 billion-$1.255 billion in adjusted EBITDA. The company also highlighted a roughly $5 billion backlog, strong demand entering the fourth quarter and 2027, and a long-term target of a 16% adjusted EBITDA margin by 2028. APi Raises 2026 Outlook
• Neutral Sentiment: Institutional positioning was mixed: 299 investors added APG shares in their latest reported quarter, while 268 reduced holdings. This suggests continued interest but not uniformly bullish sentiment.
• Negative Sentiment: Reported insider activity over the past six months consisted of 22 sales and no open-market purchases, including substantial selling by several executives and directors. Although these transactions may not be directly related to the earnings release, they represent a potential overhang for investors.

About APi Group

APi Group Corporation NYSE: APG is a global provider of safety, specialty and industrial services. The company serves commercial, industrial and infrastructure customers through a network of operating businesses that provide services designed to protect people, property and critical assets.

APi Group's offerings include fire protection and life-safety systems, security services, heating, ventilation and air-conditioning services, industrial maintenance, specialty contracting and infrastructure services.

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