Shares of APi Group Corporation (NYSE:APG - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $51.57 and last traded at $51.09, with a volume of 2236003 shares. The stock had previously closed at $50.87.
Analyst Ratings Changes
Several research analysts have weighed in on APG shares. JPMorgan Chase & Co. started coverage on shares of APi Group in a report on Tuesday, June 24th. They set a "neutral" rating and a $30.67 price objective for the company. Robert W. Baird increased their price target on APi Group from $31.33 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Barclays boosted their price target on shares of APi Group from $32.00 to $36.67 and gave the company an "overweight" rating in a report on Friday, May 30th. Royal Bank Of Canada reissued an "outperform" rating and set a $34.67 target price on shares of APi Group in a research note on Friday, June 27th. Finally, Truist Financial raised their price target on shares of APi Group from $32.00 to $36.00 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 assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $33.71.
Get Our Latest Stock Report on APG
APi Group Price Performance
The company has a fifty day simple moving average of $30.74 and a 200-day simple moving average of $26.68. The company has a market cap of $14.33 billion, a P/E ratio of 112.50 and a beta of 1.58. 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 (NYSE:APG - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. APi Group had a net margin of 3.36% and a return on equity of 20.99%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the firm earned $0.23 EPS. The firm's quarterly revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts predict that APi Group Corporation will post 1.83 earnings per share for the current year.
Insider Buying and Selling
In related 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 value of $6,408,000.00. Following the transaction, the director directly owned 8,418,153 shares in the company, valued at approximately $239,748,997.44. This trade represents a 2.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 17.00% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On APi Group
Several hedge funds and other institutional investors have recently modified their holdings of the stock. SVB Wealth LLC acquired a new stake in APi Group in the 1st quarter valued at $38,000. GAMMA Investing LLC lifted its stake in shares of APi Group by 105.5% in the 1st 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 period. Versant Capital Management Inc increased its holdings in shares of APi Group by 339.0% in the first quarter. Versant Capital Management Inc now owns 1,633 shares of the company's stock worth $58,000 after acquiring an additional 1,261 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in APi Group by 40.5% during the 1st quarter. First Horizon Advisors Inc. now owns 1,672 shares of the company's stock worth $60,000 after buying an additional 482 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in APi Group by 828.0% in the fourth quarter. Jones Financial Companies Lllp now owns 3,805 shares of the company's stock valued at $137,000 after buying an additional 3,395 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company's stock.
APi Group Company Profile
(
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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