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

Key Points

• Analysts remain broadly positive: APi Group has a consensus “Moderate Buy” rating, with six buys, one strong buy and two holds. The average 12-month price target is $52.57, compared with a recent share price of $41.28.
• Quarterly results exceeded expectations: The company reported adjusted earnings of $0.44 per share versus the $0.43 consensus estimate, while revenue reached $2.25 billion and increased 13.3% year over year.
• Insiders have been selling shares: Company insiders sold 2.667 million shares worth approximately $110.8 million over the past three months, although insiders still own 18.7% of APi Group.

APi Group Corporation (NYSE:APG - Get Free Report) has received an average rating of "Moderate Buy" from the nine research firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $52.5714.

Several analysts have commented on the stock. Weiss Ratings cut shares of APi Group from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, June 11th. Wells Fargo & Company began coverage on APi Group in a report on Tuesday, August 4th. They issued an "overweight" rating and a $53.00 price target for the company. Robert W. Baird set a $47.00 price target on APi Group in a research note on Friday, July 31st. Citigroup restated a "buy" rating and set a $54.00 price objective (up from $53.00) on shares of APi Group in a report on Friday, July 31st. Finally, Wall Street Zen downgraded APi Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st.

APi Group Price Performance

NYSE:APG opened at $41.28 on Friday. The firm has a market cap of $17.84 billion, a price-to-earnings ratio of -61.61, a price-to-earnings-growth ratio of 2.44 and a beta of 1.60. The company has a current ratio of 1.39, a quick ratio of 1.32 and a debt-to-equity ratio of 0.91. The company's 50-day moving average is $41.44 and its two-hundred day moving average is $42.71. APi Group has a 12-month low of $33.40 and a 12-month high of $49.99.

APi Group (NYSE:APG - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.20 billion. APi Group had a net margin of 3.99% and a return on equity of 37.59%. The company's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 earnings per share. Research analysts expect that APi Group will post 1.72 EPS for the current year.

Insiders Place Their Bets

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 stock was sold at an average price of $39.91, for a total value of $8,577,776.48. Following the sale, the director directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Martin E. Franklin sold 2,000,000 shares of the firm's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $42.08, for a total value of $84,160,000.00. Following the completion of the sale, the director directly owned 19,240,426 shares in the company, valued at approximately $809,637,126.08. The trade was a 9.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 2,667,000 shares of company stock valued at $110,810,972. 18.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On APi Group

Hedge funds have recently modified their holdings of the stock. Cornerstone Planning Group LLC increased its position in APi Group by 14,720.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 741 shares of the company's stock worth $31,000 after purchasing an additional 736 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of APi Group by 1,851.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 761 shares of the company's stock valued at $29,000 after purchasing an additional 722 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of APi Group by 146.7% in the 4th quarter. IFP Advisors Inc now owns 824 shares of the company's stock valued at $32,000 after purchasing an additional 490 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of APi Group by 55.3% in the 3rd quarter. Parallel Advisors LLC now owns 834 shares of the company's stock valued at $29,000 after purchasing an additional 297 shares during the last quarter. Finally, Silicon Valley Capital Partners grew its stake in shares of APi Group by 50.0% during the 3rd quarter. Silicon Valley Capital Partners now owns 858 shares of the company's stock valued at $29,000 after buying an additional 286 shares during the period. 86.62% of the stock is owned by institutional investors and hedge funds.

About APi Group

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.

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