APi Group Corporation (NYSE:APG - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $35.20 and last traded at $34.77, with a volume of 4665273 shares traded. The stock had previously closed at $34.68.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on APG. Robert W. Baird raised their price target on APi Group from $31.33 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Truist Financial raised their price target on APi Group from $32.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada restated an "outperform" rating and set a $34.67 price target on shares of APi Group in a research note on Friday, June 27th. JPMorgan Chase & Co. upgraded APi Group from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $31.00 to $42.00 in a research note on Tuesday, July 15th. Finally, UBS Group raised their price target on APi Group from $32.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, APi Group has an average rating of "Buy" and an average target price of $35.81.
Check Out Our Latest Stock Report on APi Group
APi Group Price Performance
The stock has a market cap of $14.45 billion, a price-to-earnings ratio of 113.16 and a beta of 1.58. The company has a 50-day moving average of $32.78 and a 200-day moving average of $27.73. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.38 and a current ratio of 1.47.
APi Group (NYSE:APG - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.66 billion. APi Group had a return on equity of 20.99% and a net margin of 3.36%. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 EPS. As a group, equities research analysts predict that APi Group Corporation will post 1.83 earnings per share for the current year.
Insider Transactions at APi Group
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 stock was sold at an average price of $28.48, for a total value of $6,408,000.00. Following the sale, the director directly owned 8,418,153 shares in the company, valued at $239,748,997.44. The trade was a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 17.00% of the company's stock.
Institutional Trading of APi Group
A number of institutional investors have recently modified their holdings of APG. Avantax Advisory Services Inc. purchased a new stake in shares of APi Group in the fourth quarter valued at approximately $274,000. Envestnet Portfolio Solutions Inc. boosted its stake in shares of APi Group by 27.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 9,995 shares of the company's stock valued at $360,000 after buying an additional 2,130 shares in the last quarter. Xponance Inc. boosted its stake in shares of APi Group by 23.9% in the fourth quarter. Xponance Inc. now owns 10,686 shares of the company's stock valued at $384,000 after buying an additional 2,062 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of APi Group by 134.0% in the fourth quarter. American Century Companies Inc. now owns 50,977 shares of the company's stock valued at $1,834,000 after buying an additional 29,190 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of APi Group by 46.2% in the 4th quarter. Sei Investments Co. now owns 647,411 shares of the company's stock worth $23,287,000 after acquiring an additional 204,495 shares during the period. 86.62% of the stock is currently owned by hedge funds and other institutional investors.
About APi Group
(
Get Free Report)
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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