APi Group (NYSE:APG) Price Target Raised to $40.00

APi Group (NYSE:APG) had its price objective increased by Robert W. Baird from $39.00 to $40.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other analysts have also recently weighed in on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $45.00 target price on shares of APi Group in a report on Friday, November 1st. JPMorgan Chase & Co. dropped their price objective on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, Barclays lifted their target price on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $43.71.

APi Group Stock Down 0.2 %

NYSE:APG opened at $37.55 on Tuesday. 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 $10.32 billion, a price-to-earnings ratio of -19.06 and a beta of 1.54. APi Group has a one year low of $29.75 and a one year high of $39.98. The stock has a 50-day simple moving average of $34.61 and a 200 day simple moving average of $35.56.

APi Group (NYSE:APG) last issued its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The business’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 EPS. Sell-side analysts predict that APi Group will post 1.86 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Ian G. H. Ashken sold 53,868 shares of APi Group stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the sale, the director now directly owns 5,478,779 shares in the company, valued at $202,002,581.73. The trade was a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James E. Lillie sold 11,568 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $36.98, for a total transaction of $427,784.64. Following the completion of the transaction, the director now owns 1,134,635 shares of the company’s stock, valued at $41,958,802.30. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is owned by insiders.

Institutional Trading of APi Group

A number of hedge funds and other institutional investors have recently made changes to their positions in APG. First Horizon Advisors Inc. bought a new position in shares of APi Group in the third quarter valued at approximately $26,000. Avior Wealth Management LLC acquired a new stake in APi Group in the third quarter worth approximately $33,000. J.Safra Asset Management Corp boosted its stake in APi Group by 21.5% during the 2nd quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock valued at $79,000 after purchasing an additional 373 shares in the last quarter. Triad Wealth Partners LLC acquired a new position in shares of APi Group during the 2nd quarter valued at $132,000. Finally, Strategic Financial Concepts LLC raised its stake in shares of APi Group by 3,622.0% in the 2nd quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company’s stock worth $148,000 after buying an additional 382,012 shares in the last quarter. 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.