APi Group Co. (NYSE:APG) Receives $43.86 Consensus PT from Analysts

APi Group Co. (NYSE:APG) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $43.86.

APG has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Robert W. Baird dropped their target price on APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Finally, Barclays dropped their target price on APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th.

Insider Activity

In related news, Director Ian G. H. Ashken sold 150,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $33.03, for a total transaction of $4,954,500.00. Following the completion of the transaction, the director now owns 5,678,779 shares of the company’s stock, valued at $187,570,070.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Ian G. H. Ashken sold 150,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $33.03, for a total transaction of $4,954,500.00. Following the completion of the transaction, the director now owns 5,678,779 shares of the company’s stock, valued at $187,570,070.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Louis Lambert sold 5,679 shares of APi Group stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $36.04, for a total value of $204,671.16. Following the completion of the transaction, the senior vice president now directly owns 2,421 shares in the company, valued at approximately $87,252.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 340,358 shares of company stock valued at $11,653,157. Company insiders own 16.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. increased 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 acquiring an additional 390 shares in the last quarter. Whittier Trust Co. grew its position in APi Group by 100.9% during the first quarter. Whittier Trust Co. now owns 1,497 shares of the company’s stock valued at $59,000 after purchasing an additional 752 shares in the last quarter. J.Safra Asset Management Corp grew its position in APi Group by 81.3% during the first quarter. J.Safra Asset Management Corp now owns 1,731 shares of the company’s stock valued at $68,000 after purchasing an additional 776 shares in the last quarter. Motco purchased a new position in APi Group during the first quarter valued at approximately $83,000. Finally, Triad Wealth Partners LLC purchased a new position in APi Group during the second quarter valued at approximately $132,000. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Stock Performance

APG stock opened at $32.95 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 1.00. The firm has a market cap of $9.05 billion, a P/E ratio of -15.34 and a beta of 1.56. APi Group has a 12-month low of $24.61 and a 12-month high of $39.98. The stock’s 50 day simple moving average is $34.93 and its 200 day simple moving average is $36.75.

APi Group (NYSE:APG) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. APi Group had a return on equity of 36.53% and a net margin of 2.81%. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the company posted $0.41 EPS. The business’s revenue was down 2.3% compared to the same quarter last year. As a group, equities research analysts predict that APi Group will post 1.86 EPS for the current 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.