APi Group (NYSE:APG) Coverage Initiated by Analysts at JPMorgan Chase & Co.

Equities research analysts at JPMorgan Chase & Co. assumed coverage on shares of APi Group (NYSE:APG - Get Free Report) in a report issued on Tuesday, Marketbeat reports. The firm set a "neutral" rating and a $46.00 price target on the stock. JPMorgan Chase & Co.'s price target suggests a potential downside of 9.35% from the stock's current price.

APG has been the topic of several other research reports. Citigroup dropped their price target on shares of APi Group from $46.00 to $42.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Royal Bank Of Canada set a $52.00 target price on APi Group in a research report on Thursday, May 22nd. Barclays upped their price target on APi Group from $48.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. 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 report on Thursday, May 22nd. Finally, Truist Financial boosted their price objective on APi Group from $48.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, APi Group has a consensus rating of "Moderate Buy" and a consensus target price of $50.57.

APi Group Stock Performance

APG stock opened at $50.75 on Tuesday. 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 1 year low of $30.76 and a 1 year high of $51.95. The company has a market cap of $14.05 billion, a P/E ratio of 110.32 and a beta of 1.58. The stock's fifty day moving average price is $43.93 and its 200-day moving average price is $39.46.

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

APi Group (NYSE:APG - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.66 billion. APi Group had a net margin of 3.36% and a return on equity of 20.99%. The firm's revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. On average, equities analysts forecast that APi Group will post 1.83 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Ian G. H. Ashken sold 150,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $42.72, for a total value of $6,408,000.00. Following the transaction, the director now directly owns 5,612,102 shares of the company's stock, valued at approximately $239,748,997.44. The trade was 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. 17.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On APi Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Principal Securities Inc. grew 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 acquiring an additional 573 shares in the last quarter. CIBC Asset Management Inc lifted its stake in APi Group by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 7,380 shares of the company's stock worth $265,000 after purchasing an additional 370 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of APi Group by 53.4% during the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company's stock valued at $43,000 after purchasing an additional 414 shares during the last quarter. Lingotto Investment Management LLP purchased a new position in shares of APi Group during the fourth quarter valued at about $4,604,000. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of APi Group by 7.9% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 107,509 shares of the company's stock worth $3,867,000 after purchasing an additional 7,862 shares during the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

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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