APi Group Corporation (NYSE:APG) Stock Rated "Buy" by Sell-Side Brokerages

Key Points

• Analysts maintain a bullish view: Eight firms cover APi Group, with six “buy,” one “strong buy,” and one “hold” rating. The average 12-month price target is $52.57 versus a recent share price of $40.35.
• Quarterly results slightly exceeded expectations: APi Group reported adjusted earnings of $0.44 per share versus the $0.43 consensus estimate, while revenue reached $2.25 billion, up 13.3% year over year.
• Insiders have been selling shares: Company insiders sold 660,000 shares worth approximately $26.4 million over the past 90 days, while institutional investors own 86.62% of the stock.

Shares of APi Group Corporation (NYSE:APG - Get Free Report) have received an average rating of "Buy" from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $52.57.

Several research firms recently weighed in on APG. Wells Fargo & Company assumed coverage on APi Group in a research note on Tuesday, August 4th. They issued an "overweight" rating and a $53.00 price target on the stock. Citigroup reiterated a "buy" rating and issued a $54.00 price target (up from $53.00) on shares of APi Group in a research note on Friday, July 31st. Robert W. Baird set a $47.00 price objective on shares of APi Group in a report on Friday, July 31st. UBS Group set a $52.00 target price on shares of APi Group in a report on Monday, July 20th. Finally, Weiss Ratings downgraded shares of APi Group from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday.

APi Group Trading Up 0.9%

APG opened at $40.35 on Friday. 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 52 week low of $33.52 and a 52 week high of $49.99. The stock has a market cap of $17.44 billion, a PE ratio of -60.23, a PEG ratio of 2.35 and a beta of 1.57. The business has a 50 day moving average of $40.10 and a 200-day moving average of $41.73.

APi Group (NYSE:APG - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The company 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 firm's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 earnings per share. Equities research analysts predict that APi Group will post 1.72 earnings per share for the current fiscal year.

Insider Buying and Selling at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 85,072 shares of the 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 transaction, the director owned 9,177,284 shares of the company's stock, valued at approximately $370,395,182.24. This represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James E. Lillie sold 285,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director directly owned 8,952,350 shares in the company, valued at approximately $356,661,624. The trade was a 3.09% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 660,000 shares of company stock valued at $26,353,682 in the last ninety days. 18.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On APi Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC lifted its position in APi Group by 20.3% during the first quarter. Root Financial Partners LLC now owns 1,256 shares of the company's stock valued at $51,000 after purchasing an additional 212 shares during the period. CoreCap Advisors LLC boosted its holdings in APi Group by 55.7% in the third quarter. CoreCap Advisors LLC now owns 716 shares of the company's stock valued at $28,000 after purchasing an additional 256 shares during the last quarter. Arista Wealth Management LLC grew its position in APi Group by 1.4% during the 2nd quarter. Arista Wealth Management LLC now owns 19,125 shares of the company's stock worth $810,000 after purchasing an additional 270 shares during the period. Baird Financial Group Inc. grew its position in APi Group by 0.5% during the 2nd quarter. Baird Financial Group Inc. now owns 61,525 shares of the company's stock worth $2,606,000 after purchasing an additional 277 shares during the period. Finally, Triad Wealth Partners LLC raised its stake in shares of APi Group by 2.8% during the 1st quarter. Triad Wealth Partners LLC now owns 10,247 shares of the company's stock valued at $415,000 after buying an additional 283 shares during the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

APi Group Company Profile

APi Group Corporation NYSE: APG is a global provider of industrial, commercial and infrastructure services. The company delivers specialized services that help customers design, install, maintain and repair essential systems across buildings, facilities and infrastructure assets.

APi Group's operations include fire protection and life-safety services, heating, ventilation and air conditioning, electrical and communications work, utility and infrastructure services, industrial maintenance, specialty contracting and other facility services.

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