Barclays Forecasts Strong Price Appreciation for APi Group (NYSE:APG) Stock

APi Group (NYSE:APG) had its target price increased by Barclays from $43.00 to $44.00 in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other equities analysts also recently commented on APG. JPMorgan Chase & Co. lowered their target price on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Robert W. Baird decreased their price target on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $45.00 price objective on shares of APi Group in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, APi Group presently has an average rating of “Moderate Buy” and a consensus target price of $44.00.

APi Group Stock Down 0.5 %

APG opened at $35.09 on Tuesday. APi Group has a fifty-two week low of $26.65 and a fifty-two week high of $39.98. 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 stock has a market cap of $9.64 billion, a price-to-earnings ratio of -17.81 and a beta of 1.54. The firm’s fifty day moving average is $33.75 and its 200 day moving average is $35.64.

APi Group (NYSE:APG) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.87 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The business’s revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.48 earnings per share. On average, sell-side analysts forecast that APi Group will post 1.85 earnings per share for the current fiscal year.

Insider Activity

In other APi Group news, Director Martin E. Franklin sold 178,346 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 14,267,479 shares of the company’s stock, valued at $503,071,309.54. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, SVP Louis Lambert sold 5,679 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $36.04, for a total value of $204,671.16. Following the completion of the sale, the senior vice president now owns 2,421 shares in the company, valued at approximately $87,252.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martin E. Franklin sold 178,346 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the transaction, the director now owns 14,267,479 shares in the company, valued at $503,071,309.54. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 18.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Whittier Trust Co. lifted its position in shares of APi Group by 100.9% during the first quarter. Whittier Trust Co. now owns 1,497 shares of the company’s stock worth $59,000 after purchasing an additional 752 shares during the last quarter. J.Safra Asset Management Corp boosted its position in APi Group by 81.3% in the 1st quarter. J.Safra Asset Management Corp now owns 1,731 shares of the company’s stock valued at $68,000 after buying an additional 776 shares during the period. Motco bought a new position in APi Group in the 1st quarter worth about $83,000. Triad Wealth Partners LLC purchased a new position in shares of APi Group during the second quarter worth approximately $132,000. Finally, Strategic Financial Concepts LLC raised its stake in shares of APi Group by 3,622.0% during the second quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company’s stock valued at $148,000 after acquiring an additional 382,012 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

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.