APi Group Co. (NYSE:APG) Given Average Rating of “Moderate Buy” by Brokerages

APi Group Co. (NYSE:APG) has received a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $43.43.

A number of research firms recently commented on APG. UBS Group decreased their price objective on shares of APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Truist Financial reissued a “buy” rating and set a $48.00 price target (up previously from $45.00) on shares of APi Group in a research note on Thursday, February 27th. Royal Bank of Canada raised APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research note on Tuesday, January 14th. William Blair reiterated an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. Finally, Citigroup lowered their target price on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, January 13th.

APi Group Price Performance

APi Group stock opened at $37.14 on Friday. 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 one year low of $31.44 and a one year high of $41.31. The company has a market cap of $10.31 billion, a P/E ratio of -18.85 and a beta of 1.54. The business has a fifty day moving average of $37.79 and a two-hundred day moving average of $36.22.

Insider Activity

In related news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the completion of the sale, the director now owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. This trade represents a 4.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 18.20% of the company’s stock.

Institutional Investors Weigh In On APi Group

Several hedge funds have recently modified their holdings of the company. First Horizon Advisors Inc. purchased a new position in shares of APi Group during the third quarter valued at approximately $26,000. Blue Trust Inc. lifted its stake in shares of APi Group by 92.3% during the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after purchasing an additional 386 shares during the period. ORG Wealth Partners LLC acquired a new stake in shares of APi Group during the fourth quarter worth $34,000. Avior Wealth Management LLC purchased a new stake in shares of APi Group in the third quarter valued at $33,000. Finally, R Squared Ltd purchased a new stake in shares of APi Group in the fourth quarter valued at $85,000. 86.62% of the stock is owned by institutional investors and hedge funds.

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.