Analysts Set APi Group Co. (NYSE:APG) Price Target at $43.86

APi Group Co. (NYSE:APG) has received an average recommendation of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $43.86.

A number of research firms recently commented on APG. JPMorgan Chase & Co. reduced their target price on APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Barclays reduced their price objective 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. Finally, Robert W. Baird dropped their target price on APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd.

APi Group Stock Down 0.9 %

Shares of NYSE APG opened at $33.64 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 business has a 50-day moving average of $34.74 and a 200-day moving average of $36.67. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of -15.65 and a beta of 1.56. APi Group has a 12 month low of $24.61 and a 12 month high of $39.98.

APi Group (NYSE:APG) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.79 billion. APi Group had a net margin of 2.81% and a return on equity of 36.53%. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 EPS. Sell-side analysts expect that APi Group will post 1.86 earnings per share for the current fiscal year.

Insider Activity at APi Group

In other APi Group news, SVP Louis Lambert sold 6,333 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $32.45, for a total value of $205,505.85. Following the completion of the sale, the senior vice president now owns 8,100 shares in the company, valued at $262,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Louis Lambert sold 6,333 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $32.45, for a total value of $205,505.85. Following the transaction, the senior vice president now owns 8,100 shares in the company, valued at $262,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martin E. Franklin sold 178,346 shares of APi Group stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the completion of the transaction, the director now directly owns 14,267,479 shares in the company, valued at $503,071,309.54. The disclosure for this sale can be found here. Insiders sold 340,358 shares of company stock worth $11,653,157 in the last ninety days. 16.40% of the stock is owned by company insiders.

Institutional Trading of APi Group

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in APi Group by 10.2% during the 4th quarter. Vanguard Group Inc. now owns 20,790,443 shares of the company’s stock valued at $719,349,000 after purchasing an additional 1,930,059 shares during the last quarter. Swedbank AB raised its holdings in shares of APi Group by 21.1% during the second quarter. Swedbank AB now owns 1,860,000 shares of the company’s stock valued at $69,992,000 after acquiring an additional 324,000 shares in the last quarter. Duality Advisers LP bought a new position in shares of APi Group during the first quarter valued at approximately $1,447,000. Capital World Investors lifted its stake in APi Group by 794.6% in the fourth quarter. Capital World Investors now owns 1,185,771 shares of the company’s stock worth $41,028,000 after acquiring an additional 1,053,222 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in APi Group by 192.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 53,950 shares of the company’s stock valued at $2,121,000 after acquiring an additional 35,520 shares in the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

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.