Shares of APi Group Co. (NYSE:APG – Get Rating) have been given an average rating of "Moderate Buy" by the six brokerages that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $22.17.
A number of equities research analysts have recently commented on APG shares. Barclays dropped their target price on APi Group from $24.00 to $21.00 and set an "overweight" rating on the stock in a research report on Friday, July 8th. JPMorgan Chase & Co. started coverage on shares of APi Group in a research note on Friday, June 17th. They set a "neutral" rating and a $17.00 target price for the company. Bank of America upgraded shares of APi Group from a "neutral" rating to a "buy" rating and set a $23.00 price objective for the company in a research note on Monday, July 11th. Finally, Royal Bank of Canada decreased their price objective on shares of APi Group from $24.00 to $18.00 in a research note on Monday, July 11th.
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Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of APG. Dimensional Fund Advisors LP raised its holdings in shares of APi Group by 14.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,406,757 shares of the company's stock worth $36,251,000 after purchasing an additional 172,643 shares in the last quarter. AlphaCrest Capital Management LLC acquired a new position in APi Group during the 4th quarter valued at $340,000. Principal Financial Group Inc. increased its holdings in APi Group by 4.6% in the 4th quarter. Principal Financial Group Inc. now owns 17,495 shares of the company's stock valued at $451,000 after buying an additional 764 shares during the period. California Public Employees Retirement System grew its holdings in shares of APi Group by 53.8% in the 4th quarter. California Public Employees Retirement System now owns 235,524 shares of the company's stock worth $6,069,000 after purchasing an additional 82,367 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in shares of APi Group by 22.3% in the 4th quarter. Teacher Retirement System of Texas now owns 27,591 shares of the company's stock worth $711,000 after purchasing an additional 5,033 shares during the last quarter. 73.28% of the stock is owned by institutional investors and hedge funds.
APi Group Stock Down 1.9 %
Shares of NYSE APG opened at $15.16 on Friday. APi Group has a 12-month low of $14.13 and a 12-month high of $26.84. The stock's fifty day simple moving average is $16.41 and its two-hundred day simple moving average is $17.68. The company has a current ratio of 1.62, a quick ratio of 1.52 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $3.54 billion, a PE ratio of -21.97, a price-to-earnings-growth ratio of 0.54 and a beta of 1.46.
APi Group (NYSE:APG – Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.66 billion. APi Group had a return on equity of 13.70% and a net margin of 1.08%. The business's revenue for the quarter was up 68.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 EPS. As a group, analysts expect that APi Group will post 1.33 EPS for the current fiscal year.
APi Group Company Profile
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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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