APi Group (NYSE:APG) Price Target Lowered to $43.00 at Citigroup

APi Group (NYSE:APG) had its price target reduced by investment analysts at Citigroup from $45.00 to $43.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 16.12% from the company’s previous close.

APG has been the topic of several other reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $45.00 price objective on shares of APi Group in a report on Friday, November 1st. Robert W. Baird increased their price target on shares of APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th. Barclays boosted their price objective on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, William Blair reaffirmed an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.14.

APi Group Trading Up 3.5 %

Shares of APG opened at $37.03 on Monday. APi Group has a fifty-two week low of $31.16 and a fifty-two week high of $40.89. The company has a market capitalization of $10.17 billion, a PE ratio of -18.80 and a beta of 1.55. The stock has a fifty day moving average of $37.04 and a two-hundred day moving average of $35.53. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51.

APi Group (NYSE:APG) last released its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, meeting 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 during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the firm posted $0.48 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, analysts forecast that APi Group will post 1.83 EPS for the current year.

Insider Activity at APi Group

In other news, Director Ian G. H. Ashken sold 53,868 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now owns 5,478,779 shares of the company’s stock, valued at $202,002,581.73. This represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James E. Lillie sold 11,568 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were 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 in the company, valued at approximately $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. Company insiders own 18.20% of the company’s stock.

Hedge Funds Weigh In On APi Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Advantage Alpha Capital Partners LP lifted its position in shares of APi Group by 79.6% during the third quarter. Advantage Alpha Capital Partners LP now owns 269,087 shares of the company’s stock worth $8,885,000 after purchasing an additional 119,229 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in APi Group during the 3rd quarter worth $881,000. Dynamic Technology Lab Private Ltd acquired a new position in APi Group in the 3rd quarter worth $2,586,000. Oppenheimer Asset Management Inc. boosted its position in APi Group by 60.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company’s stock valued at $3,290,000 after buying an additional 37,531 shares during the last quarter. Finally, ING Groep NV acquired a new stake in shares of APi Group during the third quarter valued at about $3,213,000. Hedge funds and other institutional investors own 86.62% of the company’s stock.

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.