APi Group Corporation (NYSE:APG) Receives Average Rating of "Buy" from Analysts

Shares of APi Group Corporation (NYSE:APG - Get Free Report) have received a consensus recommendation of "Buy" from the eight brokerages that are currently covering the stock, MarketBeat reports. Eight analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have issued a report on the stock in the last year is $35.81.

Several equities research analysts have weighed in on the company. Truist Financial boosted their price objective on APi Group from $32.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Barclays dropped their price objective on APi Group to $40.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 9th. JPMorgan Chase & Co. raised APi Group from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $31.00 to $42.00 in a research note on Tuesday. Wall Street Zen upgraded APi Group from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $34.67 target price on shares of APi Group in a report on Friday, June 27th.

Insiders Place Their Bets

In related news, Director Ian G. H. Ashken sold 225,000 shares of APi Group stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $28.48, for a total value of $6,408,000.00. Following the completion of the sale, the director owned 8,418,153 shares in the company, valued at approximately $239,748,997.44. This trade represents a 2.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 17.00% of the company's stock.

Hedge Funds Weigh In On APi Group

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of APi Group by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 23,124,584 shares of the company's stock worth $831,791,000 after purchasing an additional 127,038 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of APi Group by 4.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,249,205 shares of the company's stock worth $581,073,000 after purchasing an additional 621,761 shares in the last quarter. Capital Research Global Investors increased its position in shares of APi Group by 118.2% during the fourth quarter. Capital Research Global Investors now owns 10,947,284 shares of the company's stock worth $393,774,000 after purchasing an additional 5,931,314 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of APi Group by 19.2% during the fourth quarter. Janus Henderson Group PLC now owns 10,003,065 shares of the company's stock worth $359,811,000 after purchasing an additional 1,611,744 shares in the last quarter. Finally, Durable Capital Partners LP increased its position in shares of APi Group by 78.0% during the first quarter. Durable Capital Partners LP now owns 8,911,171 shares of the company's stock worth $318,663,000 after purchasing an additional 3,903,632 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company's stock.

APi Group Stock Performance

Shares of APG opened at $34.68 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.47 and a quick ratio of 1.38. APi Group has a one year low of $20.50 and a one year high of $35.12. The firm has a market capitalization of $14.40 billion, a P/E ratio of 113.10 and a beta of 1.58. The business has a fifty day moving average of $32.43 and a 200 day moving average of $27.43.

APi Group (NYSE:APG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. APi Group had a return on equity of 20.99% and a net margin of 3.36%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the business earned $0.23 earnings per share. The business's revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts anticipate that APi Group will post 1.83 EPS 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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