Analysts Set APi Group Corporation (NYSE:APG) PT at $36.10

APi Group Corporation (NYSE:APG) has been given an average recommendation of “Buy” by the eight ratings firms that are covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $36.0952.

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised APi Group from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $31.00 to $42.00 in a research report on Tuesday, July 15th. Robert W. Baird increased their price objective on APi Group from $31.33 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, May 22nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $34.67 target price on shares of APi Group in a research note on Friday, June 27th. Barclays restated an “overweight” rating and issued a $42.00 target price (up from $40.00) on shares of APi Group in a report on Monday, August 4th. Finally, UBS Group raised their price target on shares of APi Group from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, May 22nd.

Insider Buying and Selling at APi Group

In other news, Director Ian G. H. Ashken sold 205,550 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $35.24, for a total transaction of $7,243,582.00. Following the transaction, the director directly owned 7,968,167 shares in the company, valued at $280,798,205.08. This represents a 2.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO James Arseniadis sold 4,843 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $35.38, for a total transaction of $171,345.34. Following the completion of the sale, the chief accounting officer directly owned 12,116 shares in the company, valued at $428,664.08. This represents a 28.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 589,843 shares of company stock worth $20,694,672 in the last 90 days. 17.00% of the stock is owned by company insiders.

Institutional Trading of APi Group

Institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors boosted its holdings in APi Group by 50.0% in the fourth quarter. Captrust Financial Advisors now owns 14,508 shares of the company’s stock valued at $522,000 after acquiring an additional 4,839 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in APi Group during the fourth quarter worth about $7,427,000. Cetera Investment Advisers raised its holdings in shares of APi Group by 85.6% in the 4th quarter. Cetera Investment Advisers now owns 63,123 shares of the company’s stock worth $2,271,000 after purchasing an additional 29,104 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of APi Group by 21.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 494,094 shares of the company’s stock valued at $17,773,000 after purchasing an additional 85,831 shares in the last quarter. Finally, Comerica Bank grew its holdings in shares of APi Group by 18.9% during the 4th quarter. Comerica Bank now owns 10,264 shares of the company’s stock worth $369,000 after purchasing an additional 1,631 shares during the period. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Stock Performance

NYSE:APG opened at $35.06 on Tuesday. The company has a current ratio of 1.45, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $14.58 billion, a P/E ratio of 109.57 and a beta of 1.56. The firm has a 50-day moving average price of $34.08 and a two-hundred day moving average price of $28.86. APi Group has a twelve month low of $20.50 and a twelve month high of $36.55.

APi Group (NYSE:APG) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the business earned $0.49 earnings per share. The company’s quarterly revenue was up 15.0% on a year-over-year basis. As a group, research analysts expect that APi Group will post 1.83 earnings per share for the current fiscal year.

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.