Brokerages Set APi Group Co. (NYSE:APG) Target Price at $43.29

Shares of APi Group Co. (NYSE:APG) have earned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $43.29.

APG has been the subject of a number of research analyst reports. Citigroup reduced their price target on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a report on Monday, January 13th. Robert W. Baird raised their price objective on shares of APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Truist Financial restated a “buy” rating and set a $48.00 target price (up previously from $45.00) on shares of APi Group in a research report on Thursday, February 27th. Royal Bank of Canada upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research note on Tuesday, January 14th. Finally, UBS Group dropped their price target 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.

APi Group Stock Performance

Shares of APG stock opened at $34.67 on Wednesday. The company’s fifty day simple moving average is $36.95 and its 200-day simple moving average is $36.35. APi Group has a 12 month low of $30.76 and a 12 month high of $41.31. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The firm has a market cap of $9.62 billion, a PE ratio of -17.60 and a beta of 1.55.

Insider Buying and Selling at APi Group

In other news, Director James E. Lillie sold 50,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $37.97, for a total value of $1,898,500.00. Following the transaction, the director now directly owns 1,046,203 shares of the company’s stock, valued at $39,724,327.91. The trade was a 4.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 18.20% of the company’s stock.

Institutional Trading of APi Group

Large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its position in APi Group by 0.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 57,718 shares of the company’s stock valued at $1,906,000 after buying an additional 450 shares in the last quarter. FMR LLC lifted its stake in shares of APi Group by 106.1% in the third quarter. FMR LLC now owns 14,511 shares of the company’s stock valued at $479,000 after buying an additional 7,469 shares in the last quarter. Centiva Capital LP bought a new stake in shares of APi Group during the third quarter worth about $304,000. State Street Corp raised its holdings in shares of APi Group by 3.7% in the 3rd quarter. State Street Corp now owns 3,723,241 shares of the company’s stock worth $122,941,000 after acquiring an additional 132,971 shares during the last quarter. Finally, Orion Portfolio Solutions LLC boosted its stake in APi Group by 17.0% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 48,003 shares of the company’s stock valued at $1,585,000 after purchasing an additional 6,971 shares during the last quarter. Institutional investors and hedge funds 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.