Shares of APi Group Co. (NYSE:APG – Get Rating) have received a consensus rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $23.67.
A number of research analysts have issued reports on APG shares. Royal Bank of Canada started coverage on shares of APi Group in a report on Friday, March 25th. They issued a “sector perform” rating and a $24.00 target price for the company. Bank of America initiated coverage on shares of APi Group in a report on Tuesday, March 22nd. They issued a “neutral” rating and a $23.00 target price for the company. Barclays dropped their price objective on shares of APi Group from $28.00 to $24.00 and set an “overweight” rating for the company in a research note on Tuesday, May 24th. Finally, JPMorgan Chase & Co. initiated coverage on shares of APi Group in a research note on Friday, June 17th. They set a “neutral” rating and a $17.00 price objective for the company.
Shares of APG opened at $15.10 on Friday. APi Group has a fifty-two week low of $14.13 and a fifty-two week high of $26.84. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of -22.88, a price-to-earnings-growth ratio of 0.56 and a beta of 1.27. The firm has a 50-day simple moving average of $16.90 and a 200-day simple moving average of $20.22. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.53 and a current ratio of 1.63.
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APi Group (NYSE:APG – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.41 billion. APi Group had a net margin of 1.04% and a return on equity of 12.06%. The firm’s revenue was up 86.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.12 earnings per share. Equities research analysts forecast that APi Group will post 1.36 EPS for the current year.
In other news, Director Anthony E. Malkin bought 12,600 shares of the firm’s stock in a transaction that occurred on Friday, June 17th. The shares were purchased at an average price of $14.47 per share, for a total transaction of $182,322.00. Following the completion of the transaction, the director now owns 34,396 shares in the company, valued at $497,710.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 12.70% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted its holdings in shares of APi Group by 1,075.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,914 shares of the company’s stock valued at $61,000 after purchasing an additional 2,666 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of APi Group by 541.8% during the 1st quarter. Lazard Asset Management LLC now owns 3,472 shares of the company’s stock valued at $73,000 after acquiring an additional 2,931 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of APi Group by 18.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,068 shares of the company’s stock valued at $156,000 after acquiring an additional 950 shares in the last quarter. Dupont Capital Management Corp acquired a new position in shares of APi Group during the 1st quarter valued at $156,000. Finally, Leverty Financial Group LLC acquired a new position in shares of APi Group during the 4th quarter valued at $162,000.
About APi Group (Get Rating)
APi Group Corporation provides safety, specialty, and industrial services in North America, Europe, Australia, and the Asian-Pacific. It operates through three segments: Safety Services, Specialty Services, and Industrial Services. The Safety Services segment offers safety solutions focusing on end-to-end integrated occupancy systems, such as fire protection solutions; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, monitoring, and service of these integrated systems.
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Source: marketbeat.com
