APi Group (NYSE:APG) Price Target Raised to $40.00 at Robert W. Baird

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

APG has been the subject of several other research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $45.00 target price on shares of APi Group in a research note on Friday, November 1st. JPMorgan Chase & Co. dropped their price target on 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 raised their price target on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, APi Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.71.

APi Group Stock Down 1.6 %

APG stock opened at $37.64 on Tuesday. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The company’s 50 day moving average is $34.52 and its 200 day moving average is $35.53. The stock has a market cap of $10.34 billion, a price-to-earnings ratio of -19.11 and a beta of 1.54. APi Group has a 1-year low of $29.75 and a 1-year high of $39.98.

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

Insider Activity

In other news, Director Ian G. H. Ashken sold 53,868 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the transaction, the director now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James E. Lillie sold 11,568 shares of APi Group stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the completion of the sale, the director now owns 1,134,635 shares of the company’s stock, valued at $41,958,802.30. The trade was a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 18.20% of the company’s stock.

Institutional Investors Weigh In On APi Group

Several large investors have recently bought and sold shares of the business. Cetera Advisors LLC boosted its position in APi Group by 1.1% in the first quarter. Cetera Advisors LLC now owns 27,242 shares of the company’s stock worth $1,070,000 after purchasing an additional 287 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of APi Group by 0.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 108,711 shares of the company’s stock valued at $4,091,000 after buying an additional 323 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of APi Group by 4.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,071 shares of the company’s stock valued at $278,000 after buying an additional 333 shares in the last quarter. J.Safra Asset Management Corp lifted its position in shares of 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 buying an additional 373 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of APi Group by 2.1% during the 2nd quarter. AQR Capital Management LLC now owns 20,059 shares of the company’s stock valued at $755,000 after buying an additional 406 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.