APi Group (NYSE:APG) Price Target Cut to $43.00 by Analysts at Citigroup

APi Group (NYSE:APG) had its price objective decreased by Citigroup from $45.00 to $43.00 in a research report report published on Monday,Benzinga reports. Citigroup currently has a buy rating on the stock.

APG has been the topic of a number of other reports. William Blair reissued an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $45.00 price target on shares of APi Group in a research note on Friday, November 1st. Barclays upped their price objective 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. Finally, 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 report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.14.

APi Group Price Performance

Shares of NYSE:APG opened at $35.78 on Monday. The company’s fifty day moving average price is $37.00 and its 200-day moving average price is $35.54. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The firm has a market capitalization of $9.83 billion, a price-to-earnings ratio of -18.16 and a beta of 1.55. APi Group has a one year low of $31.16 and a one year high of $40.89.

APi Group (NYSE:APG) last released 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 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 analysts’ expectations of $1.87 billion. During the same quarter in the prior year, the firm earned $0.48 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. On average, equities research analysts anticipate that APi Group will post 1.83 earnings per share for the current fiscal year.

Insider Transactions at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total value of $1,986,113.16. Following the completion of the sale, the director now owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. This trade represents a 0.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James E. Lillie sold 11,568 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $41,958,802.30. This trade represents a 1.01 % 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 Investors Weigh In On APi Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. bought a new position in APi Group in the third quarter worth $26,000. ORG Wealth Partners LLC purchased a new stake in shares of APi Group in the 4th quarter worth about $34,000. Avior Wealth Management LLC bought a new position in shares of APi Group in the 3rd quarter worth about $33,000. SG Americas Securities LLC purchased a new position in APi Group during the 3rd quarter valued at about $165,000. Finally, KBC Group NV boosted its stake in APi Group by 14.8% during the third quarter. KBC Group NV now owns 5,601 shares of the company’s stock worth $185,000 after acquiring an additional 721 shares in the last quarter. 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.