APi Group (NYSE:APG) Hits New 12-Month High - Time to Buy?

APi Group Corporation (NYSE:APG - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $34.84 and last traded at $34.67, with a volume of 350571 shares. The stock had previously closed at $34.33.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on APG. Wall Street Zen cut shares of APi Group from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Robert W. Baird increased their price target on shares of APi Group from $31.33 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Citigroup reduced their price target on shares of APi Group from $30.67 to $28.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Truist Financial raised their target price on shares of APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Finally, Barclays dropped their target price on shares of APi Group to $40.00 and set an "overweight" rating on the stock in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, APi Group presently has an average rating of "Moderate Buy" and an average price target of $34.19.

APi Group Stock Performance

The firm has a market cap of $14.37 billion, a P/E ratio of 112.83 and a beta of 1.58. The company has a current ratio of 1.47, a quick ratio of 1.38 and a debt-to-equity ratio of 0.92. The business's fifty day simple moving average is $31.68 and its 200-day simple moving average is $27.01.

APi Group (NYSE:APG - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.66 billion. APi Group had a net margin of 3.36% and a return on equity of 20.99%. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 EPS. As a group, sell-side analysts expect that APi Group Corporation will post 1.83 earnings per share for the current year.

Insider Transactions at APi Group

In other news, Director Ian G. H. Ashken sold 225,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $28.48, for a total transaction of $6,408,000.00. Following the completion of the transaction, the director directly owned 8,418,153 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 17.00% of the company's stock.

Institutional Trading of APi Group

Hedge funds and other institutional investors have recently modified their holdings of the company. SVB Wealth LLC bought a new position in shares of APi Group during the first quarter worth $38,000. GAMMA Investing LLC lifted its position in APi Group by 105.5% during 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. Versant Capital Management Inc lifted its position in APi Group by 339.0% during the first quarter. Versant Capital Management Inc now owns 1,633 shares of the company's stock valued at $58,000 after purchasing an additional 1,261 shares during the last quarter. First Horizon Advisors Inc. lifted its position in APi Group by 40.5% during the first quarter. First Horizon Advisors Inc. now owns 1,672 shares of the company's stock valued at $60,000 after purchasing an additional 482 shares during the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. bought a new position in APi Group during the second quarter valued at $98,000. 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.