APi Group Corporation (NYSE:APG) Stock Has Average Target Price of $54.67

Key Points

• Analysts are broadly bullish on APi Group: eight of ten covering firms rate it Buy, one Strong Buy and one Hold. Their average 12-month price target is $54.67.
• APi Group reported quarterly EPS of $0.50, beating the $0.47 consensus, while revenue of $2.55 billion exceeded expectations and rose 22.5% year over year.
• Institutional investors own 86.62% of the company’s stock; several investors recently increased their positions.

Shares of APi Group Corporation (NYSE:APG - Get Free Report) have earned an average recommendation of "Buy" from the ten research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $54.67.

Several research firms have recently weighed in on APG. Truist Financial set a $58.00 target price on shares of APi Group and gave the stock a "buy" rating in a report on Friday, October 30th. UBS Group set a $52.00 target price on APi Group in a report on Monday, July 20th. Wells Fargo & Company lifted their target price on APi Group from $53.00 to $60.00 and gave the stock an "overweight" rating in a report on Friday, October 30th. Jefferies Financial Group restated a "buy" rating and set a $56.00 target price on shares of APi Group in a report on Friday, October 30th. Finally, Robert W. Baird set a $47.00 price target on APi Group in a report on Friday, July 31st.

APi Group Stock Performance

NYSE APG opened at $43.99 on Thursday. The company's fifty day moving average is $39.90 and its two-hundred day moving average is $41.96. The firm has a market capitalization of $18.71 billion, a price-to-earnings ratio of -69.83, a P/E/G ratio of 1.97 and a beta of 1.57. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.18 and a quick ratio of 1.12. APi Group has a 52-week low of $35.16 and a 52-week high of $49.99.

APi Group (NYSE:APG - Get Free Report) last released its earnings results on Thursday, October 29th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. APi Group had a net margin of 4.12% and a return on equity of 38.31%. The business had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.40 billion. During the same quarter last year, the company earned $0.41 earnings per share. The firm's revenue was up 22.5% on a year-over-year basis. Equities research analysts forecast that APi Group will post 1.76 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in APG. CoreCap Advisors LLC grew its stake in shares of APi Group by 55.7% in the 3rd quarter. CoreCap Advisors LLC now owns 716 shares of the company's stock worth $28,000 after acquiring an additional 256 shares in the last quarter. Root Financial Partners LLC bought a new position in APi Group during the third quarter worth about $49,000. John Boyer Inc. bought a new stake in APi Group during the 3rd quarter valued at $61,000. Whittier Trust Co. lifted 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 purchasing an additional 943 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of APi Group by 35.9% in the first quarter. EverSource Wealth Advisors LLC now owns 2,297 shares of the company's stock valued at $93,000 after acquiring an additional 607 shares during the period. Institutional investors own 86.62% of the company's stock.

APi Group Company Profile

APi Group Corporation NYSE: APG is a global provider of safety, specialty and industrial services. The company serves commercial, industrial and infrastructure customers through a network of operating businesses that provide services designed to protect people, property and critical assets.

APi Group's offerings include fire protection and life-safety systems, security services, heating, ventilation and air-conditioning services, industrial maintenance, specialty contracting and infrastructure services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.