APi Group (NYSE:APG) Price Target Raised to $48.00

APi Group (NYSE:APG) had its price objective hoisted by Barclays from $43.00 to $48.00 in a report released on Monday morning, Marketbeat reports. The brokerage currently has an overweight rating on the stock.

A number of other research firms have also recently commented on APG. Truist Financial reissued a “buy” rating and issued a $48.00 target price (up previously from $45.00) on shares of APi Group in a research note on Thursday, February 27th. Royal Bank of Canada raised shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Tuesday, January 14th. Robert W. Baird boosted their price target on shares of APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Citigroup reduced their price objective on APi Group from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, UBS Group lowered their target price on APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.86.

APi Group Stock Performance

Shares of APG stock opened at $43.37 on Monday. The firm’s 50 day moving average is $36.56 and its 200 day moving average is $36.91. The stock has a market capitalization of $11.98 billion, a P/E ratio of -22.02 and a beta of 1.54. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. APi Group has a 12 month low of $30.76 and a 12 month high of $43.53.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.66 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 earnings per share. On average, sell-side analysts anticipate that APi Group will post 1.83 earnings per share for the current year.

Insider Buying and Selling at APi Group

In other news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the completion of the transaction, the director now directly owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. This trade represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ian G. H. Ashken sold 150,000 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $42.72, for a total transaction of $6,408,000.00. Following the transaction, the director now owns 5,612,102 shares in the company, valued at $239,748,997.44. This represents a 2.60 % decrease in their position. The disclosure for this sale can be found here. Insiders own 17.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. TD Asset Management Inc grew its holdings in shares of APi Group by 81.2% in the first quarter. TD Asset Management Inc now owns 167,688 shares of the company’s stock valued at $5,997,000 after purchasing an additional 75,144 shares in the last quarter. Van Berkom & Associates Inc. bought a new stake in shares of APi Group during the 1st quarter worth approximately $1,131,000. Cetera Investment Advisers lifted its position in shares of APi Group by 5.2% during the first quarter. Cetera Investment Advisers now owns 66,406 shares of the company’s stock worth $2,375,000 after purchasing an additional 3,283 shares during the last quarter. ACR Alpine Capital Research LLC bought a new position in shares of APi Group in the first quarter worth about $947,000. Finally, KLP Kapitalforvaltning AS lifted its holdings in APi Group by 1.9% during the 1st quarter. KLP Kapitalforvaltning AS now owns 42,500 shares of the company’s stock valued at $1,520,000 after buying an additional 800 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

APi Group Company Profile

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.