Brokerages Set APi Group Co. (NYSE:APG) PT at $43.38

APi Group Co. (NYSE:APG) has earned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $43.38.

Several equities research analysts recently weighed in on APG shares. Truist Financial began coverage on shares of APi Group in a research note on Wednesday, January 22nd. They set a “buy” rating and a $45.00 target price on the stock. Barclays lifted their price objective on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. William Blair reiterated an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Royal Bank of Canada upgraded shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a report on Tuesday, January 14th. Finally, Robert W. Baird upped their price objective on APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th.

Insider Buying and Selling at APi Group

In other APi Group news, Director James E. Lillie sold 11,568 shares of APi Group stock in a transaction on Monday, November 11th. The stock was sold at an average price of $36.98, for a total transaction of $427,784.64. Following the sale, the director now owns 1,134,635 shares of the company’s stock, valued at $41,958,802.30. The trade was a 1.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ian G. H. Ashken sold 53,868 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the transaction, the director now owns 5,478,779 shares of the company’s stock, valued at $202,002,581.73. This trade represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On APi Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC acquired a new position in shares of APi Group in the 2nd quarter valued at about $67,412,000. Janus Henderson Group PLC raised its stake in shares of APi Group by 19.2% in the 3rd quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company’s stock valued at $277,079,000 after acquiring an additional 1,351,013 shares in the last quarter. Point72 Asset Management L.P. raised its stake in APi Group by 382.6% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,064,395 shares of the company’s stock valued at $40,053,000 after purchasing an additional 843,826 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of APi Group by 412.8% in the third quarter. Assenagon Asset Management S.A. now owns 1,044,034 shares of the company’s stock valued at $34,474,000 after buying an additional 840,452 shares during the period. Finally, Driehaus Capital Management LLC increased its holdings in APi Group by 48.9% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,517,933 shares of the company’s stock valued at $57,120,000 after buying an additional 498,492 shares during the period. 86.62% of the stock is owned by institutional investors and hedge funds.

APi Group Price Performance

Shares of APG opened at $38.15 on Friday. The company has a market capitalization of $10.48 billion, a P/E ratio of -19.36 and a beta of 1.55. The business’s 50-day moving average is $37.24 and its two-hundred day moving average is $35.61. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. APi Group has a fifty-two week low of $31.44 and a fifty-two week high of $40.89.

APi Group (NYSE:APG) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.87 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.48 earnings per share. Research analysts predict that APi Group will post 1.83 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.