APi Group Co. (NYSE:APG) Receives $43.43 Consensus PT from Analysts

APi Group Co. (NYSE:APG) has earned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $43.43.

Several research firms have recently weighed in on APG. 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 report on Thursday, February 27th. UBS Group cut their price objective on APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Citigroup decreased their target price on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, January 13th. William Blair reaffirmed an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Finally, Truist Financial reissued a “buy” rating and set a $48.00 price objective (up previously from $45.00) on shares of APi Group in a report on Thursday, February 27th.

Insider Buying and Selling

In other APi Group news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction on 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 completion of 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 18.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. acquired a new stake in APi Group during the third quarter worth about $26,000. Blue Trust Inc. lifted its holdings in shares of APi Group by 92.3% during the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after acquiring an additional 386 shares during the period. ORG Wealth Partners LLC acquired a new stake in shares of APi Group during the 4th quarter worth approximately $34,000. Avior Wealth Management LLC bought a new position in APi Group in the third quarter valued at approximately $33,000. Finally, R Squared Ltd acquired a new position in APi Group during the fourth quarter valued at approximately $85,000. Institutional investors own 86.62% of the company’s stock.

APi Group Stock Performance

NYSE:APG opened at $37.52 on Friday. The firm has a market capitalization of $10.41 billion, a PE ratio of -19.04 and a beta of 1.54. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. APi Group has a 12-month low of $31.44 and a 12-month high of $41.31. The firm has a 50-day moving average price of $37.71 and a 200 day moving average price of $36.17.

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.