Analysts Set APi Group Co. (NYSE:APG) Target Price at $43.00

APi Group Co. (NYSE:APG - Get Free Report) has been given an average rating of "Moderate Buy" by the seven analysts that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $43.00.

A number of equities analysts have commented on APG shares. JPMorgan Chase & Co. boosted their price target on shares of APi Group from $31.00 to $35.00 and gave the stock a "neutral" rating in a research note on Wednesday, March 6th. Barclays increased their target price on APi Group from $37.00 to $44.00 and gave the company an "overweight" rating in a research note on Thursday, February 29th. Citigroup lifted their price target on APi Group from $43.00 to $47.00 and gave the stock a "buy" rating in a research note on Monday. UBS Group increased their price objective on APi Group from $40.00 to $48.00 and gave the company a "buy" rating in a research report on Tuesday, March 5th. Finally, TheStreet cut APi Group from a "b" rating to a "c+" rating in a report on Wednesday, February 28th.

Insider Activity

In related news, Director James E. Lillie sold 125,000 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $38.38, for a total transaction of $4,797,500.00. Following the transaction, the director now directly owns 5,455,411 shares in the company, valued at approximately $209,378,674.18. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director James E. Lillie sold 125,000 shares of the company's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $38.38, for a total transaction of $4,797,500.00. Following the completion of the sale, the director now directly owns 5,455,411 shares in the company, valued at approximately $209,378,674.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 in the company, valued at approximately $1,220,909.60. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Ellenbecker Investment Group bought a new stake in shares of APi Group in the 1st quarter worth approximately $204,000. HighPoint Advisor Group LLC purchased a new stake in APi Group in the fourth quarter worth $580,000. PNC Financial Services Group Inc. boosted its holdings in APi Group by 51.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 34,953 shares of the company's stock valued at $1,209,000 after acquiring an additional 11,878 shares in the last quarter. Vanguard Group Inc. boosted its holdings in APi Group by 10.2% in the fourth quarter. Vanguard Group Inc. now owns 20,790,443 shares of the company's stock valued at $719,349,000 after acquiring an additional 1,930,059 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD purchased a new position in APi Group during the 4th quarter valued at $159,751,000. Hedge funds and other institutional investors own 86.62% of the company's stock.

APi Group Price Performance

Shares of APi Group stock traded down $0.05 during trading on Tuesday, hitting $39.52. The stock had a trading volume of 775,125 shares, compared to its average volume of 1,457,353. The firm has a market cap of $10.33 billion, a price-to-earnings ratio of -52.00, a P/E/G ratio of 1.18 and a beta of 1.64. APi Group has a 12 month low of $20.64 and a 12 month high of $39.98. The business's 50-day moving average is $36.87 and its 200 day moving average is $32.10. The company has a current ratio of 1.43, a quick ratio of 1.35 and a debt-to-equity ratio of 1.12.

APi Group (NYSE:APG - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. The firm had revenue of $1.76 billion for 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%. The company's revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 EPS. As a group, sell-side analysts anticipate that APi Group will post 1.86 earnings per share for the current year.

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.