Brokerages Set APi Group Co. (NYSE:APG) Price Target at $49.57

Shares of APi Group Co. (NYSE:APG - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $50.57.

Several analysts recently issued reports on APG shares. UBS Group upped their price objective on shares of APi Group from $48.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. raised their target price on APi Group from $39.00 to $46.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Barclays lifted their target price on shares of APi Group from $48.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday. Citigroup dropped their price target on shares of APi Group from $46.00 to $42.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Robert W. Baird lifted their price target on shares of APi Group from $47.00 to $51.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd.

Insiders Place Their Bets

In other APi Group news, Director Ian G. H. Ashken sold 150,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $42.72, for a total value of $6,408,000.00. Following the sale, the director now owns 5,612,102 shares of the company's stock, valued at $239,748,997.44. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James E. Lillie sold 50,000 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total value of $1,898,500.00. Following the transaction, the director now owns 1,046,203 shares of the company's stock, valued at approximately $39,724,327.91. This represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. 17.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On APi Group

Several institutional investors and hedge funds have recently modified their holdings of APG. Rhumbline Advisers boosted its holdings in APi Group by 0.4% during the 1st quarter. Rhumbline Advisers now owns 220,997 shares of the company's stock valued at $7,903,000 after acquiring an additional 920 shares during the period. Strs Ohio acquired a new stake in shares of APi Group during the first quarter worth about $11,877,000. Focus Partners Wealth boosted its stake in shares of APi Group by 19.2% in the first quarter. Focus Partners Wealth now owns 254,781 shares of the company's stock valued at $9,111,000 after purchasing an additional 41,044 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of APi Group by 114.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,802,773 shares of the company's stock valued at $100,227,000 after purchasing an additional 1,495,268 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of APi Group by 73.6% in the first quarter. Goldman Sachs Group Inc. now owns 178,117 shares of the company's stock valued at $6,369,000 after purchasing an additional 75,490 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company's stock.

APi Group Price Performance

Shares of NYSE APG traded down $0.11 during trading on Thursday, hitting $46.65. The company had a trading volume of 1,916,275 shares, compared to its average volume of 1,735,536. The firm has a market capitalization of $12.91 billion, a price-to-earnings ratio of -23.68 and a beta of 1.54. APi Group has a fifty-two week low of $30.76 and a fifty-two week high of $48.08. The stock has a fifty day simple moving average of $39.36 and a two-hundred day simple moving average of $38.12. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96.

APi Group's stock is scheduled to split before the market opens on Tuesday, July 1st. The 3-2 split was announced on Wednesday, May 21st. The newly issued shares will be issued to shareholders after the closing bell on Monday, June 30th.

APi Group (NYSE:APG - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.66 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The business's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 earnings per share. On average, research analysts expect that APi Group will post 1.83 earnings per share for the current year.

APi Group Company Profile

APi Group Corporation provides safety and specialty services worldwide. It operates through Safety Services and Specialty Services segments. The Safety Services segment offers solutions focusing on end-to-end integrated occupancy systems, such as fire protection services; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, and service of these integrated systems.