APi Group (NYSE:APG) Raised to Buy at Wall Street Zen

APi Group (NYSE:APG - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Sunday.

Other equities research analysts have also issued reports about the stock. Citigroup reduced their price objective on shares of APi Group from $30.67 to $28.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Robert W. Baird raised their price target on APi Group from $31.33 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. UBS Group upped their price objective on APi Group from $32.00 to $36.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Barclays dropped their price objective on APi Group to $40.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, Truist Financial boosted their target price on APi Group from $32.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $34.19.

APi Group Trading Down 0.4%

APG opened at $34.47 on Friday. The business has a fifty day moving average price of $31.96 and a 200 day moving average price of $27.17. 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 12 month low of $20.50 and a 12 month high of $34.89. The stock has a market capitalization of $14.31 billion, a price-to-earnings ratio of 112.40 and a beta of 1.58.

APi Group (NYSE:APG - Get Free Report) last announced its quarterly earnings data 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. APi Group had a return on equity of 20.99% and a net margin of 3.36%. The business had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.66 billion. During the same quarter last year, the business posted $0.23 EPS. The business's quarterly revenue was up 7.4% compared to the same quarter last year. Sell-side analysts expect that APi Group will post 1.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In other APi Group news, Director Ian G. H. Ashken sold 225,000 shares of the firm's stock in a transaction 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 transaction, the director directly owned 8,418,153 shares of the company's stock, valued at approximately $239,748,997.44. This trade represents a 2.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 17.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On APi Group

Large investors have recently modified their holdings of the stock. Capital Research Global Investors boosted its holdings in APi Group by 118.2% in the 4th quarter. Capital Research Global Investors now owns 10,947,284 shares of the company's stock valued at $393,774,000 after purchasing an additional 5,931,314 shares in the last quarter. Durable Capital Partners LP boosted its stake in shares of APi Group by 78.0% in the first quarter. Durable Capital Partners LP now owns 8,911,171 shares of the company's stock valued at $318,663,000 after buying an additional 3,903,632 shares in the last quarter. Artisan Partners Limited Partnership acquired a new position in APi Group during the fourth quarter worth $125,407,000. T. Rowe Price Investment Management Inc. grew its holdings in APi Group by 75.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 6,767,246 shares of the company's stock worth $241,997,000 after acquiring an additional 2,906,783 shares during the period. Finally, Bessemer Group Inc. raised its position in APi Group by 479,614.2% in the first quarter. Bessemer Group Inc. now owns 2,878,285 shares of the company's stock worth $102,929,000 after acquiring an additional 2,877,685 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company's stock.

About APi Group

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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