Brokerages Set APi Group Co. (NYSE:APG) PT at $43.43

Shares of APi Group Co. (NYSE:APG) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $43.43.

Several brokerages have weighed in on APG. William Blair reiterated an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. UBS Group reduced their price target on shares of APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Royal Bank of Canada upgraded shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research report on Tuesday, January 14th. Citigroup cut their price target on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $48.00 target price (up from $45.00) on shares of APi Group in a research note on Thursday, February 27th.

Insider Activity

In other news, Director James E. Lillie sold 50,000 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total value of $1,898,500.00. Following the transaction, the director now directly owns 1,046,203 shares of the company’s stock, valued at approximately $39,724,327.91. This represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 18.20% of the company’s stock.

Hedge Funds Weigh In On APi Group

Hedge funds and other 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 3rd quarter worth approximately $26,000. Blue Trust Inc. raised its stake in APi Group by 92.3% during the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock valued at $27,000 after purchasing an additional 386 shares during the last quarter. Avior Wealth Management LLC bought a new stake in APi Group in the 3rd quarter valued at $33,000. ORG Wealth Partners LLC acquired a new stake in APi Group in the 4th quarter worth $34,000. Finally, Strategic Financial Concepts LLC increased its holdings in shares of APi Group by 2,058.1% during the 4th quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock worth $82,000 after purchasing an additional 217,071 shares during the period. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Trading Up 0.9 %

NYSE:APG opened at $37.52 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. APi Group has a 52-week low of $31.44 and a 52-week high of $41.31. The stock’s 50 day moving average price is $37.71 and its 200 day moving average price is $36.17. The company has a market capitalization of $10.41 billion, a PE ratio of -19.04 and a beta of 1.54.

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.