APi Group (NYSE:APG) Hits New 1-Year High Following Analyst Upgrade

Shares of APi Group Co. (NYSE:APG - Get Free Report) hit a new 52-week high on Tuesday after Citigroup raised their price target on the stock from $43.00 to $47.00. Citigroup currently has a buy rating on the stock. APi Group traded as high as $39.98 and last traded at $39.58, with a volume of 30306 shares changing hands. The stock had previously closed at $39.57.

APG has been the subject of a number of other research reports. TheStreet cut APi Group from a "b" rating to a "c+" rating in a research report on Wednesday, February 28th. JPMorgan Chase & Co. raised their price target on APi Group from $31.00 to $35.00 and gave the company a "neutral" rating in a research report on Wednesday, March 6th. UBS Group lifted their price objective on APi Group from $40.00 to $48.00 and gave the stock a "buy" rating in a research report on Tuesday, March 5th. Royal Bank of Canada lifted their price objective on APi Group from $36.00 to $45.00 and gave the stock a "sector perform" rating in a research report on Monday. Finally, Barclays lifted their price objective on APi Group from $37.00 to $44.00 and gave the stock an "overweight" rating in a research report on Thursday, February 29th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $43.00.

Insider Buying and Selling at APi Group

In other news, CFO Kevin Krumm sold 5,585 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $35.72, for a total transaction of $199,496.20. Following the completion of the sale, the chief financial officer now owns 34,180 shares in the company, valued at approximately $1,220,909.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Kevin Krumm sold 5,585 shares of the firm's stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $35.72, for a total transaction of $199,496.20. Following the completion of the sale, the chief financial officer now directly owns 34,180 shares of the company's stock, valued at approximately $1,220,909.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James E. Lillie sold 125,000 shares of the firm's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $38.38, for a total value of $4,797,500.00. Following the sale, the director now directly owns 5,455,411 shares of the company's stock, valued at $209,378,674.18. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On APi Group

Several large investors have recently modified their holdings of APG. Jag Capital Management LLC boosted its position in shares of APi Group by 3.3% in the fourth quarter. Jag Capital Management LLC now owns 9,521 shares of the company's stock worth $329,000 after buying an additional 301 shares during the period. Xponance Inc. boosted its position in shares of APi Group by 2.9% in the fourth quarter. Xponance Inc. now owns 12,738 shares of the company's stock worth $441,000 after buying an additional 365 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in shares of APi Group by 43.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,280 shares of the company's stock worth $44,000 after buying an additional 390 shares during the period. New York State Common Retirement Fund boosted its position in shares of APi Group by 0.3% in the fourth quarter. New York State Common Retirement Fund now owns 141,734 shares of the company's stock worth $4,904,000 after buying an additional 466 shares during the period. Finally, Ensign Peak Advisors Inc boosted its position in shares of APi Group by 1.1% in the first quarter. Ensign Peak Advisors Inc now owns 52,360 shares of the company's stock worth $1,177,000 after buying an additional 550 shares during the period. 86.62% of the stock is owned by institutional investors.

APi Group Trading Down 0.1 %

The firm has a market cap of $10.33 billion, a price-to-earnings ratio of -52.00, a PEG ratio of 1.18 and a beta of 1.64. The company has a 50-day moving average price of $36.87 and a 200 day moving average price of $32.10. The company has a quick ratio of 1.35, a current ratio of 1.43 and a debt-to-equity ratio of 1.12.

APi Group (NYSE:APG - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.76 billion. APi Group had a return on equity of 20.24% and a net margin of 2.21%. APi Group's revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 earnings per share. As a group, research analysts anticipate that APi Group Co. will post 1.86 earnings per share for the current fiscal year.

APi Group Company Profile

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.