APi Group (NYSE:APG) Price Target Raised to $44.00 at Barclays

APi Group (NYSE:APG) had its target price hoisted by research analysts at Barclays from $42.00 to $44.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 19.57% from the company’s previous close.

A number of other research firms have also recently issued reports on APG. Zacks Research cut shares of APi Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of APi Group in a report on Thursday. Wall Street Zen upgraded APi Group from a “hold” rating to a “buy” rating in a report on Sunday, July 13th. JPMorgan Chase & Co. raised APi Group from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $31.00 to $42.00 in a research report on Tuesday, July 15th. Finally, Citigroup boosted their price target on shares of APi Group from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Friday. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.52.

APi Group Stock Up 4.9%

Shares of APi Group stock opened at $36.80 on Monday. The stock’s 50-day moving average is $34.90 and its 200 day moving average is $33.02. APi Group has a one year low of $20.50 and a one year high of $36.83. The firm has a market cap of $15.30 billion, a price-to-earnings ratio of 100.36 and a beta of 1.63. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.48 and a quick ratio of 1.41.

APi Group (NYSE:APG) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.01 billion. APi Group had a return on equity of 21.86% and a net margin of 3.44%.The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 EPS. APi Group has set its FY 2025 guidance at EPS. Equities research analysts anticipate that APi Group will post 1.83 EPS for the current year.

Insider Buying and Selling at APi Group

In related news, Director Martin E. Franklin sold 1,200,000 shares of APi Group stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $34.64, for a total transaction of $41,568,000.00. Following the sale, the director directly owned 19,868,790 shares in the company, valued at approximately $688,254,885.60. This trade represents a 5.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James E. Lillie sold 95,000 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $35.23, for a total value of $3,346,850.00. Following the completion of the transaction, the director directly owned 7,348,101 shares in the company, valued at approximately $258,873,598.23. This represents a 1.28% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,785,000 shares of company stock worth $62,091,327. Insiders own 17.00% of the company’s stock.

Hedge Funds Weigh In On APi Group

A number of hedge funds and other institutional investors have recently made changes to their positions in APG. Bares Capital Management Inc. bought a new stake in APi Group in the second quarter worth about $30,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of APi Group during the 3rd quarter worth approximately $31,000. Root Financial Partners LLC bought a new stake in shares of APi Group in the 3rd quarter worth approximately $32,000. Cullen Frost Bankers Inc. grew its holdings in APi Group by 2,620.0% during the third quarter. Cullen Frost Bankers Inc. now owns 1,088 shares of the company’s stock valued at $37,000 after purchasing an additional 1,048 shares during the period. Finally, SVB Wealth LLC purchased a new stake in APi Group in the first quarter worth $38,000. 86.62% of the stock is owned by hedge funds and other institutional investors.

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.