APi Group (NYSE:APG) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of APi Group Corporation (NYSE:APG) passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $41.95 and traded as low as $39.77. APi Group shares last traded at $40.3150, with a volume of 6,943,588 shares changing hands.

Wall Street Analyst Weigh In

APG has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their price target on APi Group from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. Citigroup boosted their price objective on APi Group from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Friday, October 30th. JPMorgan Chase & Co. boosted their price objective on APi Group from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. UBS Group set a $52.00 target price on APi Group in a research note on Monday, July 20th. Finally, Truist Financial set a $58.00 target price on APi Group and gave the stock a “buy” rating in a research note on Friday, October 30th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, APi Group has a consensus rating of “Buy” and a consensus price target of $54.67.

APi Group Stock Performance

The firm has a market capitalization of $17.38 billion, a P/E ratio of -64.87, a price-to-earnings-growth ratio of 1.92 and a beta of 1.57. The company’s 50 day moving average is $39.87 and its 200-day moving average is $41.94. The company has a quick ratio of 1.12, a current ratio of 1.18 and a debt-to-equity ratio of 0.92.

APi Group (NYSE:APG) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. APi Group had a net margin of 4.12% and a return on equity of 38.31%. The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the previous year, the firm posted $0.41 earnings per share. The business’s revenue was up 22.5% compared to the same quarter last year. As a group, equities analysts anticipate that APi Group Corporation will post 1.77 EPS for the current year.

Hedge Funds Weigh In On APi Group

A number of institutional investors have recently modified their holdings of the company. CoreCap Advisors LLC grew its position in APi Group by 55.7% in the 3rd quarter. CoreCap Advisors LLC now owns 716 shares of the company’s stock valued at $28,000 after purchasing an additional 256 shares during the period. Arista Wealth Management LLC increased its stake in APi Group by 1.4% during the 2nd quarter. Arista Wealth Management LLC now owns 19,125 shares of the company’s stock valued at $810,000 after purchasing an additional 270 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in APi Group by 2.4% during the third quarter. Fifth Third Wealth Advisors LLC now owns 11,932 shares of the company’s stock worth $461,000 after buying an additional 274 shares during the last quarter. Baird Financial Group Inc. raised its holdings in APi Group by 0.5% during the second quarter. Baird Financial Group Inc. now owns 61,525 shares of the company’s stock worth $2,606,000 after buying an additional 277 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. raised its holdings in APi Group by 4.4% during the third quarter. ZWJ Investment Counsel Inc. now owns 8,625 shares of the company’s stock worth $333,000 after buying an additional 367 shares during the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.

About APi Group

APi Group Corporation is a provider of safety and specialty services for commercial, industrial and institutional customers. Its work includes the installation, inspection, maintenance and repair of systems and infrastructure used in buildings and industrial facilities.

The company’s services include fire protection and life-safety systems, security, heating and cooling, plumbing, electrical work, and other building and infrastructure services. APi Group delivers these offerings through a network of operating businesses and local brands.

APi Group traces its roots to a pipe installation business established in Minnesota in 1926.