APi Group (NYSE:APG) Given New $43.00 Price Target at Robert W. Baird

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

Other analysts also recently issued research reports about the stock. TheStreet downgraded shares of APi Group from a b rating to a c+ rating in a report on Wednesday, February 28th. UBS Group boosted their price objective on shares of APi Group from $40.00 to $48.00 and gave the stock a buy rating in a report on Tuesday, March 5th. Royal Bank of Canada boosted their price objective on shares of APi Group from $36.00 to $45.00 and gave the stock a sector perform rating in a report on Monday, April 8th. JPMorgan Chase & Co. boosted their price objective on shares of APi Group from $31.00 to $35.00 and gave the stock a neutral rating in a report on Wednesday, March 6th. Finally, Citigroup boosted their price objective on shares of APi Group from $43.00 to $47.00 and gave the stock a buy rating in a report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, APi Group has a consensus rating of Moderate Buy and an average target price of $44.29.

APi Group Trading Down 0.4 %

Shares of APi Group stock opened at $39.11 on Tuesday. APi Group has a 52-week low of $21.15 and a 52-week high of $39.98. The company has a quick ratio of 1.35, a current ratio of 1.43 and a debt-to-equity ratio of 1.12. The company’s 50-day simple moving average is $37.47 and its 200-day simple moving average is $32.57. The firm has a market cap of $10.22 billion, a price-to-earnings ratio of -51.46, a price-to-earnings-growth ratio of 1.16 and a beta of 1.64.

APi Group (NYSE:APG) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.76 billion. APi Group had a net margin of 2.21% and a return on equity of 20.24%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.36 earnings per share. As a group, equities research analysts anticipate that APi Group will post 1.86 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Kevin Krumm sold 5,585 shares of the stock in a transaction on Tuesday, February 27th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Kevin Krumm sold 5,585 shares of the stock in a transaction on Tuesday, February 27th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James E. Lillie sold 125,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $38.38, for a total transaction of $4,797,500.00. Following the sale, the director now directly owns 5,455,411 shares of the company’s stock, valued at $209,378,674.18. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Artemis Investment Management LLP bought a new position in shares of APi Group in the 1st quarter worth about $60,217,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of APi Group in the 1st quarter worth about $884,000. MJP Associates Inc. ADV lifted its position in shares of APi Group by 10.3% in the 1st quarter. MJP Associates Inc. ADV now owns 26,034 shares of the company’s stock worth $1,022,000 after buying an additional 2,425 shares during the last quarter. Fragasso Group Inc. bought a new position in shares of APi Group in the 1st quarter worth about $218,000. Finally, Park Avenue Securities LLC bought a new position in shares of APi Group in the 1st quarter worth 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.