APi Group (NYSE:APG) Upgraded to Outperform at Royal Bank of Canada

Royal Bank of Canada upgraded shares of APi Group (NYSE:APG) from a sector perform rating to an outperform rating in a research report report published on Tuesday morning, Marketbeat.com reports. They currently have $45.00 target price on the stock.

Several other research firms also recently issued reports on APG. Barclays upped 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. Robert W. Baird upped their price target on shares of APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, November 26th. William Blair reiterated an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Finally, Citigroup reduced their price objective on shares of APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.14.

APi Group Stock Down 0.0 %

APG stock opened at $37.36 on Tuesday. The stock has a market capitalization of $10.26 billion, a P/E ratio of -18.96 and a beta of 1.55. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The firm has a 50-day moving average price of $37.05 and a 200-day moving average price of $35.55. APi Group has a 12 month low of $31.16 and a 12 month high of $40.89.

APi Group (NYSE:APG) last issued its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the business posted $0.48 earnings per share. As a group, equities research analysts anticipate that APi Group will post 1.83 EPS for the current fiscal year.

Insider Activity at APi Group

In other APi Group news, Director James E. Lillie sold 11,568 shares of APi Group stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the completion of the sale, the director now directly owns 1,134,635 shares in the company, valued at approximately $41,958,802.30. The trade was a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 stock was sold at an average price of $36.87, for a total value of $1,986,113.16. Following the transaction, the director now owns 5,478,779 shares in the company, valued at $202,002,581.73. The trade was 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 owned by company insiders.

Institutional Investors Weigh In On APi Group

Several hedge funds and other institutional investors have recently bought and sold shares of APG. Janus Henderson Group PLC grew 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 buying an additional 1,351,013 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in APi Group by 4.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,901,296 shares of the company’s stock valued at $227,881,000 after acquiring an additional 324,544 shares in the last quarter. Geode Capital Management LLC boosted its holdings in APi Group by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 3,730,499 shares of the company’s stock worth $123,217,000 after acquiring an additional 106,119 shares during the last quarter. State Street Corp grew its stake in shares of APi Group by 3.7% in the 3rd quarter. State Street Corp now owns 3,723,241 shares of the company’s stock worth $122,941,000 after acquiring an additional 132,971 shares in the last quarter. Finally, Select Equity Group L.P. raised its holdings in shares of APi Group by 7.6% in the second quarter. Select Equity Group L.P. now owns 2,464,597 shares of the company’s stock valued at $92,743,000 after purchasing an additional 173,544 shares during the last quarter. 86.62% of the stock is owned by 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.