APi Group Corporation (NYSE:APG) Given Average Rating of "Buy" by Analysts

Key Points

• Analyst sentiment is positive: APi Group has an average “Buy” rating from eight analysts, with six buys, one strong buy and one hold. The average 12-month price target is $52.57, versus a recent share price of $37.00.
• Quarterly results slightly exceeded expectations: APi Group reported earnings of $0.44 per share versus the $0.43 consensus estimate, while revenue reached $2.25 billion, up 13.3% year over year and above forecasts.
• Insiders have been selling shares: Company insiders sold 660,000 shares worth approximately $26.4 million over the past three months, though insiders still own 18.7% of the stock. Institutional investors hold 86.62% of outstanding shares.

APi Group Corporation (NYSE:APG - Get Free Report) has earned an average recommendation of "Buy" from the eight ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $52.5714.

Several equities research analysts recently issued reports on APG shares. Wells Fargo & Company initiated coverage on shares of APi Group in a report on Tuesday, August 4th. They set an "overweight" rating and a $53.00 price target on the stock. Weiss Ratings reissued a "hold (c-)" rating on shares of APi Group in a research note on Tuesday, September 8th. Robert W. Baird set a $47.00 target price on shares of APi Group in a research report on Friday, July 31st. Wall Street Zen cut shares of APi Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, UBS Group set a $52.00 price target on shares of APi Group in a report on Monday, July 20th.

Insider Buying and Selling at APi Group

In related news, Director James Lillie sold 285,000 shares of the business's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $39.84, for a total transaction of $11,354,400.00. Following the sale, the director owned 8,952,350 shares in the company, valued at $356,661,624. The trade was a 3.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ian Ashken sold 85,072 shares of the company's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $40.36, for a total value of $3,433,505.92. Following the completion of the transaction, the director directly owned 9,177,284 shares of the company's stock, valued at approximately $370,395,182.24. The trade was a 0.92% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 660,000 shares of company stock worth $26,353,682. 18.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. IFP Advisors Inc raised its holdings in APi Group by 146.7% during the 4th quarter. IFP Advisors Inc now owns 824 shares of the company's stock worth $32,000 after purchasing an additional 490 shares during the last quarter. Root Financial Partners LLC lifted its holdings in APi Group by 20.3% in the first quarter. Root Financial Partners LLC now owns 1,256 shares of the company's stock valued at $51,000 after buying an additional 212 shares during the period. Allworth Financial LP boosted its position in APi Group by 29.2% during the fourth quarter. Allworth Financial LP now owns 1,677 shares of the company's stock valued at $64,000 after acquiring an additional 379 shares during the last quarter. Clearstead Advisors LLC boosted its position in APi Group by 107.0% during the fourth quarter. Clearstead Advisors LLC now owns 1,720 shares of the company's stock valued at $66,000 after acquiring an additional 889 shares during the last quarter. Finally, Whittier Trust Co. grew its holdings in APi Group by 84.4% during the 1st quarter. Whittier Trust Co. now owns 2,060 shares of the company's stock worth $87,000 after acquiring an additional 943 shares during the period. Institutional investors and hedge funds own 86.62% of the company's stock.

APi Group Price Performance

Shares of APG stock opened at $37.00 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.39 and a debt-to-equity ratio of 0.91. APi Group has a twelve month low of $33.40 and a twelve month high of $49.99. The company has a market cap of $15.99 billion, a P/E ratio of -55.22, a P/E/G ratio of 2.16 and a beta of 1.60. The business has a fifty day simple moving average of $40.55 and a 200 day simple moving average of $42.14.

APi Group (NYSE:APG - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. The firm had revenue of $2.25 billion for the quarter, compared to analysts' expectations of $2.20 billion. APi Group had a return on equity of 37.59% and a net margin of 3.99%.The business's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.39 earnings per share. On average, sell-side analysts forecast that APi Group will post 1.72 EPS for the current fiscal year.

About APi Group

APi Group Corporation NYSE: APG is a global provider of safety and specialty services for commercial, industrial, infrastructure and residential customers. Through a network of operating companies, it helps customers design, install, inspect, maintain and repair critical building and infrastructure systems.

The company's services include fire protection and life-safety systems, heating, ventilation and air conditioning, plumbing, electrical work, specialty contracting, industrial maintenance, infrastructure services, security systems, environmental services and emergency response.

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