APi Group (NYSE:APG) Shares Gap Up - Still a Buy?

APi Group Corporation (NYSE:APG - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $48.95, but opened at $51.66. APi Group shares last traded at $50.61, with a volume of 1,498,456 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Royal Bank Of Canada set a $52.00 target price on APi Group in a research note on Thursday, May 22nd. JPMorgan Chase & Co. upped their price target on APi Group from $39.00 to $46.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Barclays lifted their price objective on shares of APi Group from $48.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. UBS Group boosted their target price on shares of APi Group from $48.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Finally, Citigroup lowered their price target on shares of APi Group from $46.00 to $42.00 and set a "buy" rating for the company in a report on Monday, April 14th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, APi Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $50.57.

APi Group Stock Down 0.9%

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 firm has a market capitalization of $14.05 billion, a price-to-earnings ratio of 110.32 and a beta of 1.58. The stock has a 50 day moving average of $43.62 and a 200 day moving average of $39.38.

Shares of APi Group are scheduled to split on Tuesday, July 1st. The 3-2 split was announced on Wednesday, May 21st. The newly created shares will be distributed to shareholders after the market closes on Monday, June 30th.

APi Group (NYSE:APG - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.35 by $0.02. The business had revenue of $1.72 billion during 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 quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 EPS. As a group, analysts expect that APi Group Corporation will post 1.83 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Ian G. H. Ashken sold 150,000 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $42.72, for a total value of $6,408,000.00. Following the sale, the director now owns 5,612,102 shares of the company's stock, valued at $239,748,997.44. This trade represents a 2.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 17.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of APG. Proficio Capital Partners LLC bought a new position in shares of APi Group in the fourth quarter worth $511,000. Captrust Financial Advisors lifted its holdings in APi Group by 50.0% in the fourth quarter. Captrust Financial Advisors now owns 14,508 shares of the company's stock worth $522,000 after purchasing an additional 4,839 shares during the period. Victory Capital Management Inc. grew its position in APi Group by 9.3% in the 4th quarter. Victory Capital Management Inc. now owns 162,538 shares of the company's stock valued at $5,846,000 after buying an additional 13,780 shares in the last quarter. Raymond James Financial Inc. acquired a new position in APi Group during the 4th quarter valued at about $7,427,000. Finally, Principal Securities Inc. increased its stake in APi Group by 28.1% during the 4th quarter. Principal Securities Inc. now owns 2,611 shares of the company's stock valued at $94,000 after buying an additional 573 shares during the period. 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.