APi Group Corporation (APG) – What Are Analysts Thinking About This Stock?

APi Group Corporation (NYSE:APG) has received a consensus rating of “Buy” from the ten ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $54.67.

Several equities research analysts have issued reports on APG shares. Citigroup lifted their price target on shares of APi Group from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Jefferies Financial Group reissued a “buy” rating and set a $56.00 price target on shares of APi Group in a research report on Friday, October 30th. UBS Group set a $52.00 price objective on shares of APi Group in a research note on Monday, July 20th. Robert W. Baird set a $47.00 price objective on APi Group in a report on Friday, July 31st. Finally, Wall Street Zen downgraded APi Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Janus Henderson Group PLC increased its position in shares of APi Group by 1.1% during the 1st quarter. Janus Henderson Group PLC now owns 23,367,041 shares of the company’s stock worth $946,846,000 after purchasing an additional 250,873 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of APi Group by 11.2% in the 3rd quarter. Pictet Asset Management Holding SA now owns 11,457,638 shares of the company’s stock valued at $442,284,000 after buying an additional 1,154,344 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of APi Group by 1.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,524,369 shares of the company’s stock valued at $101,000,000 after buying an additional 25,455 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of APi Group in the 2nd quarter valued at approximately $93,030,000. Finally, Cooke & Bieler LP grew its stake in shares of APi Group by 13.6% in the third quarter. Cooke & Bieler LP now owns 2,030,753 shares of the company’s stock valued at $78,387,000 after buying an additional 243,225 shares in the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.

APi Group Price Performance

APG stock opened at $44.02 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.12 and a debt-to-equity ratio of 0.92. The stock has a market cap of $18.72 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 1.80 and a beta of 1.57. APi Group has a 1 year low of $35.57 and a 1 year high of $49.99. The stock has a 50-day moving average price of $40.09 and a two-hundred day moving average price of $41.96.

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

APi Group Company Profile

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.