APi Group (NYSE:APG) Stock Price Expected to Rise, Robert W. Baird Analyst Says

APi Group (NYSE:APG) had its target price lifted by Robert W. Baird from $39.00 to $40.00 in a research report report published on Tuesday,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other research analysts also recently commented on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $45.00 target price on shares of APi Group in a research 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 for the company in a research note on Friday, August 2nd. Finally, Barclays boosted their target price on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, APi Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.71.

APi Group Stock Performance

Shares of NYSE APG opened at $37.78 on Tuesday. The company has a market cap of $10.38 billion, a P/E ratio of -19.18 and a beta of 1.54. APi Group has a 52-week low of $29.95 and a 52-week high of $39.98. 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 firm’s fifty day moving average is $34.66 and its two-hundred day moving average is $35.56.

APi Group (NYSE:APG) last issued its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the firm posted $0.48 earnings per share. The business’s revenue was up 2.4% compared to the same quarter last year. As a group, analysts anticipate that APi Group will post 1.86 EPS for the current fiscal year.

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. bought a new position in APi Group in the third quarter worth approximately $26,000. Avior Wealth Management LLC purchased a new position in shares of APi Group during the third quarter valued at $33,000. J.Safra Asset Management Corp raised its holdings in shares of APi Group by 21.5% in the second quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock valued at $79,000 after acquiring an additional 373 shares in the last quarter. Triad Wealth Partners LLC purchased a new stake in APi Group in the second quarter worth about $132,000. Finally, Strategic Financial Concepts LLC grew its holdings in APi Group by 3,622.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company’s stock worth $148,000 after acquiring an additional 382,012 shares in the last quarter. Hedge funds and other institutional investors 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.