APi Group (NYSE:APG) Price Target Raised to $40.00

APi Group (NYSE:APG) had its target price boosted by Robert W. Baird from $39.00 to $40.00 in a report published on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other research analysts have also issued reports about the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $45.00 target price on shares of APi Group in a research report on Friday, November 1st. JPMorgan Chase & Co. decreased their price objective on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, Barclays upped their price target on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $43.71.

APi Group Stock Performance

Shares of APi Group stock opened at $37.78 on Tuesday. The company has a market capitalization of $10.38 billion, a PE ratio of -19.18 and a beta of 1.54. The company has a 50-day simple moving average of $34.66 and a two-hundred day simple moving average of $35.56. APi Group has a one year low of $29.95 and a one year high of $39.98. 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 (NYSE:APG) last posted its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the prior year, the company posted $0.48 earnings per share. APi Group’s revenue for the quarter was up 2.4% compared to the same quarter last year. Research analysts expect that APi Group will post 1.86 EPS for the current fiscal year.

Insider Activity

In related news, Director Ian G. H. Ashken sold 53,868 shares of APi Group stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the transaction, the director now directly owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. This trade represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James E. Lillie sold 11,568 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the completion of the sale, the director now owns 1,134,635 shares in the company, valued at approximately $41,958,802.30. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders own 18.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of APG. First Horizon Advisors Inc. purchased a new position in shares of APi Group in the 3rd quarter valued at about $26,000. Avior Wealth Management LLC acquired a new stake in APi Group in the third quarter valued at approximately $33,000. J.Safra Asset Management Corp increased its position in shares of APi Group by 21.5% in the second quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock valued at $79,000 after buying an additional 373 shares in the last quarter. Triad Wealth Partners LLC acquired a new position in shares of APi Group during the 2nd quarter worth approximately $132,000. Finally, Strategic Financial Concepts LLC lifted its position in shares of APi Group by 3,622.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company’s stock valued at $148,000 after buying an additional 382,012 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

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.