APi Group (NYSE:APG) Upgraded by Wall Street Zen to Buy Rating

APi Group (NYSE:APG - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Sunday.

A number of other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of APi Group in a research note on Tuesday, June 24th. They set a "neutral" rating and a $30.67 price target for the company. UBS Group lifted their price target on shares of APi Group from $32.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Robert W. Baird lifted their price target on shares of APi Group from $31.33 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Barclays dropped their price target on shares of APi Group to $40.00 and set an "overweight" rating for the company in a research note on Wednesday, July 9th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $34.67 price target on shares of APi Group in a research note on Friday, June 27th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, APi Group presently has a consensus rating of "Buy" and an average price target of $35.81.

APi Group Price Performance

NYSE APG traded up $0.01 on Friday, reaching $34.66. The company had a trading volume of 3,761,978 shares, compared to its average volume of 2,714,121. The company has a quick ratio of 1.38, a current ratio of 1.47 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $14.39 billion, a PE ratio of 113.01 and a beta of 1.58. The firm's 50 day moving average price is $32.20 and its 200 day moving average price is $27.31. APi Group has a 12 month low of $20.50 and a 12 month high of $35.12.

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

Insider Buying and Selling at APi Group

In other news, Director Ian G. H. Ashken sold 225,000 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $28.48, for a total value of $6,408,000.00. Following the sale, the director owned 8,418,153 shares in the company, valued at $239,748,997.44. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 17.00% of the stock is owned by insiders.

Institutional Trading of APi Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. SVB Wealth LLC purchased a new stake in APi Group during the first quarter worth $38,000. GAMMA Investing LLC boosted its holdings in APi Group by 105.5% during the first quarter. GAMMA Investing LLC now owns 1,529 shares of the company's stock worth $55,000 after buying an additional 785 shares in the last quarter. Versant Capital Management Inc boosted its holdings in APi Group by 339.0% during the first quarter. Versant Capital Management Inc now owns 1,633 shares of the company's stock worth $58,000 after buying an additional 1,261 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in APi Group by 40.5% during the first quarter. First Horizon Advisors Inc. now owns 1,672 shares of the company's stock worth $60,000 after buying an additional 482 shares in the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new stake in APi Group during the second quarter worth $98,000. Institutional investors and hedge funds own 86.62% of the company's stock.

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.