APi Group Co. (NYSE:APG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of APi Group Co. (NYSE:APG) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $43.43.

A number of analysts have recently commented on the company. William Blair restated an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. UBS Group dropped their price target on APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Robert W. Baird lifted their price objective on APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Truist Financial reiterated a “buy” rating and set a $48.00 target price (up previously from $45.00) on shares of APi Group in a report on Thursday, February 27th. Finally, Citigroup reduced their price target on shares of APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, January 13th.

Insider Activity at APi Group

In other APi Group news, Director James E. Lillie sold 50,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total value of $1,898,500.00. Following the completion of the sale, the director now owns 1,046,203 shares of the company’s stock, valued at $39,724,327.91. This trade represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 18.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Atria Investments Inc lifted its holdings in APi Group by 7.2% in the 3rd quarter. Atria Investments Inc now owns 12,672 shares of the company’s stock worth $418,000 after buying an additional 849 shares in the last quarter. Entropy Technologies LP acquired a new position in shares of APi Group in the third quarter worth about $369,000. GSA Capital Partners LLP purchased a new position in APi Group in the third quarter valued at about $881,000. Aigen Investment Management LP acquired a new stake in APi Group during the 3rd quarter valued at approximately $206,000. Finally, Oppenheimer Asset Management Inc. increased its holdings in APi Group by 60.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company’s stock worth $3,290,000 after purchasing an additional 37,531 shares during the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.

APi Group Stock Performance

Shares of APG stock opened at $37.14 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The firm has a market capitalization of $10.31 billion, a price-to-earnings ratio of -18.85 and a beta of 1.54. APi Group has a one year low of $31.44 and a one year high of $41.31. The company has a 50 day moving average price of $37.79 and a 200 day moving average price of $36.22.

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.