Barclays Lowers APi Group (NYSE:APG) Price Target to $43.00

APi Group (NYSE:APG) had its target price reduced by analysts at Barclays from $44.00 to $43.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 17.28% from the company’s previous close.

Several other research firms have also commented on APG. Royal Bank of Canada upgraded shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research note on Tuesday, January 14th. Robert W. Baird upped their price target on APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. William Blair reissued an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. UBS Group dropped their target price on APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Finally, Citigroup decreased their price target on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, January 13th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.29.

APi Group Stock Performance

Shares of APi Group stock opened at $36.66 on Wednesday. The company has a market capitalization of $10.18 billion, a PE ratio of -18.61 and a beta of 1.54. The company has a 50-day simple moving average of $37.84 and a two-hundred day simple moving average of $36.33. APi Group has a one year low of $31.44 and a one year high of $41.31. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51.

Insiders Place Their Bets

In other APi Group news, Director James E. Lillie sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the completion of the transaction, the director now directly owns 1,046,203 shares of the company’s stock, valued at approximately $39,724,327.91. This trade represents a 4.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 18.20% of the stock is currently owned by insiders.

Institutional Trading of APi Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Equitable Trust Co. boosted its holdings in APi Group by 1.7% in the fourth quarter. Equitable Trust Co. now owns 20,676 shares of the company’s stock valued at $744,000 after purchasing an additional 351 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of APi Group by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 7,380 shares of the company’s stock valued at $265,000 after buying an additional 370 shares during the period. Blue Trust Inc. boosted its stake in shares of APi Group by 92.3% in the fourth quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after buying an additional 386 shares during the last quarter. EntryPoint Capital LLC grew its holdings in APi Group by 3.9% during the fourth quarter. EntryPoint Capital LLC now owns 10,435 shares of the company’s stock worth $375,000 after acquiring an additional 389 shares during the period. Finally, First Horizon Advisors Inc. raised its position in APi Group by 53.4% during the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock valued at $43,000 after acquiring an additional 414 shares in 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.