APi Group (NYSE:APG) Price Target Raised to $48.00

APi Group (NYSE:APG) had its target price hoisted by Barclays from $43.00 to $48.00 in a report issued on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

APG has been the topic of several other research reports. Royal Bank of Canada raised APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a report on Tuesday, January 14th. Citigroup cut their price target on APi Group from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. UBS Group lowered 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. Robert W. Baird upped their target price on shares of APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Finally, Truist Financial reiterated a “buy” rating and set a $48.00 price target (up previously from $45.00) on shares of APi Group in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.86.

APi Group Price Performance

Shares of APG stock opened at $42.83 on Monday. APi Group has a 52 week low of $30.76 and a 52 week high of $42.95. The stock has a market capitalization of $11.83 billion, a PE ratio of -21.74 and a beta of 1.54. 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 stock’s fifty day moving average is $36.41 and its 200-day moving average is $36.83.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the prior year, the firm earned $0.34 EPS. The company’s revenue was up 7.4% on a year-over-year basis. Equities research analysts expect that APi Group will post 1.83 EPS for the current fiscal year.

Insider Transactions at APi Group

In other news, Director James E. Lillie sold 50,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the sale, the director now owns 1,046,203 shares of the company’s stock, valued at $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 available through this hyperlink. Insiders own 17.00% of the company’s stock.

Hedge Funds Weigh In On APi Group

Several institutional investors and hedge funds have recently modified their holdings of APG. Carmel Capital Partners LLC lifted its stake in APi Group by 4.1% in the first quarter. Carmel Capital Partners LLC now owns 66,162 shares of the company’s stock valued at $2,366,000 after buying an additional 2,600 shares in the last quarter. Dynasty Wealth Management LLC raised its holdings in shares of APi Group by 3.5% during the first quarter. Dynasty Wealth Management LLC now owns 14,474 shares of the company’s stock worth $518,000 after acquiring an additional 495 shares during the period. Verdence Capital Advisors LLC lifted its position in APi Group by 3.3% in the 1st quarter. Verdence Capital Advisors LLC now owns 79,825 shares of the company’s stock valued at $2,855,000 after acquiring an additional 2,539 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in APi Group by 308.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 670,139 shares of the company’s stock worth $23,964,000 after purchasing an additional 505,979 shares during the period. Finally, Signaturefd LLC increased its holdings in APi Group by 6.7% during the 1st quarter. Signaturefd LLC now owns 4,067 shares of the company’s stock worth $145,000 after purchasing an additional 256 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

About APi Group

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.