Brokerages Set APi Group Co. (NYSE:APG) Price Target at $43.38

APi Group Co. (NYSE:APG) has been assigned an average recommendation of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $42.88.

A number of research firms have commented on APG. Citigroup decreased their target price on shares of APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Royal Bank of Canada upgraded shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research note on Tuesday, January 14th. Robert W. Baird raised their price target on APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, November 26th. UBS Group reduced their target price on shares of APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday. 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.

Institutional Trading of APi Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of APi Group by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 23,124,584 shares of the company’s stock valued at $831,791,000 after purchasing an additional 127,038 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of APi Group by 20.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,627,444 shares of the company’s stock valued at $562,120,000 after acquiring an additional 2,602,758 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of APi Group by 118.2% in the fourth quarter. Capital Research Global Investors now owns 10,947,284 shares of the company’s stock worth $393,774,000 after buying an additional 5,931,314 shares during the last quarter. Janus Henderson Group PLC raised its stake in APi Group by 19.2% in the 4th quarter. Janus Henderson Group PLC now owns 10,003,065 shares of the company’s stock worth $359,811,000 after acquiring an additional 1,611,744 shares during the last quarter. Finally, Durable Capital Partners LP lifted its holdings in shares of APi Group by 199.8% during the fourth quarter. Durable Capital Partners LP now owns 5,007,539 shares of the company’s stock worth $180,121,000 after purchasing an additional 3,337,468 shares during the period. Institutional investors own 86.62% of the company’s stock.

APi Group Price Performance

NYSE APG opened at $40.75 on Tuesday. APi Group has a fifty-two week low of $31.44 and a fifty-two week high of $41.27. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The company has a market capitalization of $11.20 billion, a PE ratio of -20.69 and a beta of 1.55. The business’s fifty day moving average is $37.38 and its 200 day moving average is $35.75.

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.