Robert W. Baird Boosts APi Group (NYSE:APG) Price Target to $43.00

APi Group (NYSE:APG) had its price target increased by Robert W. Baird from $39.00 to $43.00 in a report published on Tuesday, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other equities analysts also recently issued reports on the company. Royal Bank of Canada increased their price objective on APi Group from $36.00 to $45.00 and gave the stock a sector perform rating in a report on Monday, April 8th. Citigroup increased their price objective on APi Group from $43.00 to $47.00 and gave the stock a buy rating in a report on Monday, April 8th. UBS Group increased their price objective on APi Group from $40.00 to $48.00 and gave the stock a buy rating in a report on Tuesday, March 5th. TheStreet downgraded APi Group from a b rating to a c+ rating in a report on Wednesday, February 28th. Finally, Barclays raised their price target on APi Group from $37.00 to $44.00 and gave the company an overweight rating in a report on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $44.29.

APi Group Stock Performance

Shares of APG stock opened at $37.38 on Tuesday. The stock has a fifty day moving average of $37.58 and a 200 day moving average of $32.63. APi Group has a 52 week low of $21.15 and a 52 week high of $39.98. The firm has a market capitalization of $9.77 billion, a price-to-earnings ratio of -49.18, a PEG ratio of 1.18 and a beta of 1.64. The company has a quick ratio of 1.35, a current ratio of 1.43 and a debt-to-equity ratio of 1.12.

APi Group (NYSE:APG) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.76 billion. APi Group had a return on equity of 20.24% and a net margin of 2.21%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 earnings per share. As a group, research analysts expect that APi Group will post 1.85 earnings per share for the current year.

Insider Activity

In related news, CFO Kevin Krumm sold 5,585 shares of APi Group stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $35.72, for a total value of $199,496.20. Following the completion of the sale, the chief financial officer now directly owns 34,180 shares in the company, valued at approximately $1,220,909.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director James E. Lillie sold 125,000 shares of APi Group stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $38.38, for a total value of $4,797,500.00. Following the completion of the sale, the director now directly owns 5,455,411 shares in the company, valued at approximately $209,378,674.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kevin Krumm sold 5,585 shares of APi Group stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $35.72, for a total value of $199,496.20. Following the completion of the sale, the chief financial officer now owns 34,180 shares of the company’s stock, valued at $1,220,909.60. The disclosure for this sale can be found here. Corporate insiders own 16.40% of the company’s stock.

Institutional Investors Weigh In On APi Group

Several large investors have recently bought and sold shares of APG. Artemis Investment Management LLP bought a new stake in shares of APi Group during the 1st quarter valued at about $60,217,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of APi Group during the 1st quarter valued at about $884,000. MJP Associates Inc. ADV grew its stake in shares of APi Group by 10.3% during the 1st quarter. MJP Associates Inc. ADV now owns 26,034 shares of the company’s stock valued at $1,022,000 after purchasing an additional 2,425 shares during the period. Fragasso Group Inc. bought a new stake in shares of APi Group during the 1st quarter valued at about $218,000. Finally, Park Avenue Securities LLC bought a new stake in shares of APi Group during the 1st quarter valued at about $296,000. 86.62% of the stock is currently owned by institutional investors.

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.