APi Group Corporation (NYSE:APG) Given Consensus Rating of "Moderate Buy" by Analysts

APi Group Corporation (NYSE:APG - Get Free Report) has received an average recommendation of "Moderate Buy" from the eight research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $50.57.

Several research firms recently issued reports on APG. Robert W. Baird lifted their price objective on APi Group from $47.00 to $51.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada set a $52.00 target price on APi Group in a research note on Thursday, May 22nd. Citigroup reduced their price target on APi Group from $46.00 to $42.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Barclays upped their target price on APi Group from $48.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Finally, Truist Financial raised their price objective on APi Group from $48.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd.

Insider Transactions at APi Group

In related news, Director Ian G. H. Ashken sold 150,000 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $42.72, for a total transaction of $6,408,000.00. Following the completion of the sale, the director now owns 5,612,102 shares in the company, valued at approximately $239,748,997.44. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 17.00% of the company's stock.

Institutional Trading of APi Group

Several hedge funds have recently bought and sold shares of the stock. SVB Wealth LLC bought a new position in shares of APi Group in the first quarter worth about $38,000. First Horizon Advisors Inc. boosted its stake in shares of APi Group by 53.4% in the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company's stock worth $43,000 after acquiring an additional 414 shares during the period. GAMMA Investing LLC boosted its stake in shares of APi Group by 105.5% in the first quarter. GAMMA Investing LLC now owns 1,529 shares of the company's stock worth $55,000 after acquiring an additional 785 shares during the period. Versant Capital Management Inc boosted its stake in APi Group by 339.0% during the first quarter. Versant Capital Management Inc now owns 1,633 shares of the company's stock valued at $58,000 after buying an additional 1,261 shares during the last quarter. Finally, Principal Securities Inc. boosted its stake in APi Group by 28.1% during the fourth quarter. Principal Securities Inc. now owns 2,611 shares of the company's stock valued at $94,000 after buying an additional 573 shares during the last quarter. Institutional investors own 86.62% of the company's stock.

APi Group Stock Performance

NYSE:APG opened at $51.31 on Monday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.47 and a quick ratio of 1.38. The business has a fifty day simple moving average of $43.62 and a two-hundred day simple moving average of $39.38. APi Group has a 1 year low of $30.76 and a 1 year high of $51.95. The company has a market capitalization of $14.21 billion, a P/E ratio of 111.55 and a beta of 1.58.

Shares of APi Group are set to split on Tuesday, July 1st. The 3-2 split was announced on Wednesday, May 21st. The newly minted shares will be issued to shareholders after the closing bell on Monday, June 30th.

APi Group (NYSE:APG - Get Free Report) last announced its quarterly 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 company had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.66 billion. APi Group had a return on equity of 20.99% and a net margin of 3.36%. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 earnings per share. On average, 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.

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