APi Group Corporation (NYSE:APG) Receives Consensus Recommendation of "Buy" from Brokerages

Key Points

• APi Group Corporation has received a consensus rating of "Buy" from eight research firms, with an average price target of $36.10.
• Notable price target increases include Barclays raising its target to $42.00 and UBS Group increasing theirs to $36.00.
• APi Group recently reported earnings of $0.39 EPS, exceeding analyst expectations and reflecting a 15% year-over-year revenue growth.

APi Group Corporation (NYSE:APG - Get Free Report) has received an average rating of "Buy" from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have covered the stock in the last year is $36.0952.

A number of research analysts recently issued reports on the company. Barclays reiterated an "overweight" rating and set a $42.00 price objective (up from $40.00) on shares of APi Group in a research note on Monday, August 4th. Robert W. Baird boosted their price target on APi Group from $31.33 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. UBS Group boosted their price target on APi Group from $32.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Wall Street Zen raised APi Group from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $34.67 price target on shares of APi Group in a report on Friday, June 27th.

Insiders Place Their Bets

In related news, CAO James Arseniadis sold 4,843 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $35.38, for a total value of $171,345.34. Following the sale, the chief accounting officer owned 12,116 shares in the company, valued at approximately $428,664.08. The trade was a 28.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 17.00% of the company's stock.

Institutional Trading of APi Group

Several hedge funds and other institutional investors have recently bought and sold shares of APG. SVB Wealth LLC purchased a new stake in APi Group in the first quarter worth $38,000. Ulland Investment Advisors LLC increased its stake in APi Group by 41.5% in the second quarter. Ulland Investment Advisors LLC now owns 1,500 shares of the company's stock worth $77,000 after purchasing an additional 440 shares during the period. GAMMA Investing LLC increased 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 worth $55,000 after purchasing an additional 785 shares during the period. Versant Capital Management Inc increased its stake in APi Group by 339.0% in the first quarter. Versant Capital Management Inc now owns 1,633 shares of the company's stock worth $58,000 after purchasing an additional 1,261 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in APi Group by 40.5% in the first quarter. First Horizon Advisors Inc. now owns 1,672 shares of the company's stock worth $60,000 after purchasing an additional 482 shares during the period. Hedge funds and other institutional investors own 86.62% of the company's stock.

APi Group Trading Up 1.4%

Shares of NYSE:APG opened at $34.96 on Tuesday. The stock has a 50 day moving average of $33.86 and a 200 day moving average of $28.69. The company has a market cap of $14.54 billion, a PE ratio of 109.24 and a beta of 1.56. The company has a current ratio of 1.45, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. APi Group has a 12-month low of $20.50 and a 12-month high of $36.55.

APi Group (NYSE:APG - Get Free Report) last announced 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 the consensus estimate of $1.88 billion. APi Group had a return on equity of 21.33% and a net margin of 3.35%. The firm's revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS. As a group, equities research analysts expect 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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