APi Group (NYSE:APG) Stock Price Expected to Rise, Robert W. Baird Analyst Says

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

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

APi Group Stock Down 1.6 %

NYSE APG opened at $37.64 on Tuesday. The stock’s 50 day moving average is $34.52 and its 200 day moving average is $35.53. 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 $29.75 and a 12 month high of $39.98. The stock has a market cap of $10.34 billion, a PE ratio of -19.11 and a beta of 1.54.

APi Group (NYSE:APG) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the company posted $0.48 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. Research analysts predict that APi Group will post 1.86 EPS for the current fiscal year.

Insider Transactions at APi Group

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

Institutional Trading of APi Group

Institutional investors have recently bought and sold shares of the business. Cooke & Bieler LP boosted its stake in APi Group by 218.9% during the second quarter. Cooke & Bieler LP now owns 2,884,540 shares of the company’s stock worth $108,545,000 after buying an additional 1,979,931 shares during the last quarter. Millennium Management LLC acquired a new position in APi Group during the second quarter worth $67,412,000. Swedbank AB acquired a new position in APi Group during the first quarter worth $60,319,000. Janus Henderson Group PLC boosted its stake in APi Group by 19.2% during the third quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company’s stock worth $277,079,000 after buying an additional 1,351,013 shares during the last quarter. Finally, Artemis Investment Management LLP boosted its stake in APi Group by 65.8% during the second quarter. Artemis Investment Management LLP now owns 2,543,375 shares of the company’s stock worth $95,707,000 after buying an additional 1,009,328 shares during the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.

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.