APi Group (NYSE:APG) Given New $42.00 Price Target at Citigroup

APi Group (NYSE:APG) had its target price cut by stock analysts at Citigroup from $46.00 to $42.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price indicates a potential upside of 18.74% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on APG. Robert W. Baird lifted their target price on shares of APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Barclays reduced their price target on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. UBS Group lowered their price target on APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Truist Financial reaffirmed a “buy” rating and issued a $48.00 target price (up previously from $45.00) on shares of APi Group in a research report on Thursday, February 27th. Finally, 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 for the company in a research report on Tuesday, January 14th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, APi Group currently has an average rating of “Moderate Buy” and an average target price of $43.14.

APi Group Price Performance

Shares of NYSE:APG traded up $0.67 during midday trading on Monday, hitting $35.37. The company had a trading volume of 1,468,094 shares, compared to its average volume of 1,703,074. APi Group has a twelve month low of $30.76 and a twelve month high of $41.31. The stock has a market cap of $9.77 billion, a price-to-earnings ratio of -17.95 and a beta of 1.55. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The business’s 50-day simple moving average is $36.95 and its 200-day simple moving average is $36.37.

Insiders Place Their Bets

In related 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 in the company, valued at approximately $39,724,327.91. This trade represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 18.20% of the company’s stock.

Institutional Investors Weigh In On APi Group

Hedge funds have recently bought and sold shares of the stock. Strategic Financial Concepts LLC lifted its stake in APi Group by 2,058.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock worth $82,000 after acquiring an additional 217,071 shares during the last quarter. Virtu Financial LLC purchased a new stake in APi Group during the 3rd quarter worth about $813,000. SG Americas Securities LLC boosted its position in shares of APi Group by 325.6% during the 4th quarter. SG Americas Securities LLC now owns 21,231 shares of the company’s stock worth $764,000 after acquiring an additional 16,242 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of APi Group by 24.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 89,897 shares of the company’s stock valued at $3,236,000 after acquiring an additional 17,404 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of APi Group during the 4th quarter worth about $511,000. 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.