APi Group Corporation (NYSE:APG) Receives $36.10 Consensus Target Price from Brokerages

Key Points

• APi Group Corporation (NYSE:APG) has received an average rating of "Buy" from eight research firms, with a 12-month target price of approximately $36.10.
• Insider trading activity showed that Director Martin E. Franklin sold 1.2 million shares for about $41.6 million, reducing their ownership by 5.70%.
• Several institutional investors have increased their stakes in APi Group, with Vanguard Group boosting its holdings by 2.0% and State Street Corp increasing its position by 83.2% in the second quarter.

APi Group Corporation (NYSE:APG - Get Free Report) has received a consensus rating of "Buy" from the eight ratings firms that are presently covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have covered the stock in the last year is $36.0952.

A number of research firms have recently commented on APG. JPMorgan Chase & Co. upgraded shares of APi Group from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $31.00 to $42.00 in a report on Tuesday, July 15th. Wall Street Zen upgraded shares of APi Group from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. Truist Financial raised their target price on shares of APi Group from $32.00 to $36.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. UBS Group boosted their price target on APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $34.67 price objective on shares of APi Group in a report on Friday, June 27th.

APi Group Trading Up 1.4%

Shares of APG traded up $0.49 during mid-day trading on Friday, reaching $35.62. 2,956,898 shares of the company's stock traded hands, compared to its average volume of 2,485,688. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.45 and a quick ratio of 1.37. The stock's 50-day moving average is $35.05 and its two-hundred day moving average is $30.22. APi Group has a 12 month low of $20.50 and a 12 month high of $36.55. The stock has a market cap of $14.81 billion, a P/E ratio of 111.32 and a beta of 1.61.

APi Group (NYSE:APG - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. The company had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.88 billion. APi Group had a return on equity of 21.33% and a net margin of 3.35%.APi Group's revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 EPS. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts forecast that APi Group will post 1.83 earnings per share for the current fiscal year.

Insider Transactions at APi Group

In other APi Group news, Director Martin E. Franklin sold 1,200,000 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $34.64, for a total transaction of $41,568,000.00. Following the transaction, the director owned 19,868,790 shares of the company's stock, valued at approximately $688,254,885.60. This trade represents a 5.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ian G. H. Ashken sold 205,550 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $35.24, for a total transaction of $7,243,582.00. Following the completion of the sale, the director directly owned 7,968,167 shares of the company's stock, valued at $280,798,205.08. The trade was a 2.51% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,789,843 shares of company stock worth $62,262,672. Corporate insiders own 17.00% of the company's stock.

Hedge Funds Weigh In On APi Group

Large investors have recently bought and sold shares of the business. Bares Capital Management Inc. purchased a new stake in APi Group during the second quarter worth $30,000. SVB Wealth LLC bought a new position in shares of APi Group in the 1st quarter worth $38,000. EverSource Wealth Advisors LLC lifted its stake in shares of APi Group by 547.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,275 shares of the company's stock worth $65,000 after purchasing an additional 1,078 shares during the last quarter. Ulland Investment Advisors LLC boosted its position in APi Group by 41.5% during the second quarter. Ulland Investment Advisors LLC now owns 1,500 shares of the company's stock valued at $77,000 after purchasing an additional 440 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in APi Group by 105.5% in the first quarter. GAMMA Investing LLC now owns 1,529 shares of the company's stock valued at $55,000 after purchasing an additional 785 shares during the last quarter. Institutional investors own 86.62% of the company's stock.

About APi Group

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.