APi Group (NYSE:APG) Stock Price Expected to Rise, Citigroup Analyst Says

APi Group (NYSE:APG) had its target price increased by stock analysts at Citigroup from $42.00 to $45.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 14.77% from the stock’s previous close.

Several other equities analysts also recently weighed in on the stock. Robert W. Baird lifted their target price on shares of APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th. William Blair reiterated an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Barclays lifted their target price on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $45.00 target price on shares of APi Group in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.43.

APi Group Stock Up 0.2 %

APi Group stock opened at $39.21 on Monday. APi Group has a 1-year low of $30.26 and a 1-year high of $40.89. The firm has a market capitalization of $10.77 billion, a price-to-earnings ratio of -19.82 and a beta of 1.55. The firm’s fifty day moving average price is $35.23 and its two-hundred day moving average price is $35.64. 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 (NYSE:APG) last posted 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 net margin of 3.01% and a return on equity of 33.89%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the company posted $0.48 earnings per share. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, equities research analysts predict that APi Group will post 1.83 earnings per share 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 on Monday, November 11th. The shares were sold at an average price of $36.98, for a total value of $427,784.64. Following the transaction, the director now directly owns 1,134,635 shares of the company’s stock, valued at $41,958,802.30. The trade was a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ian G. H. Ashken sold 53,868 shares of APi Group stock in a transaction 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. The trade was 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 Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC grew its position in shares of APi Group by 10.8% in the 3rd quarter. Tidal Investments LLC now owns 54,553 shares of the company’s stock worth $1,801,000 after buying an additional 5,337 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of APi Group in the 3rd quarter worth about $450,000. Virtu Financial LLC purchased a new stake in shares of APi Group in the 3rd quarter worth about $813,000. Geode Capital Management LLC grew its position in shares of APi Group by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 3,730,499 shares of the company’s stock worth $123,217,000 after buying an additional 106,119 shares during the period. Finally, Barclays PLC grew its position in shares of APi Group by 1.6% in the 3rd quarter. Barclays PLC now owns 364,281 shares of the company’s stock worth $12,026,000 after buying an additional 5,701 shares during the period. 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.