Barclays Cuts APi Group (NYSE:APG) Price Target to $40.00

APi Group (NYSE:APG - Get Free Report) had its price objective cut by research analysts at Barclays to $40.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's target price would suggest a potential upside of 15.44% from the company's current price.

APG has been the topic of a number of other research reports. Robert W. Baird boosted their price objective on shares of APi Group from $31.33 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $34.67 price target on shares of APi Group in a research report on Friday, June 27th. Wall Street Zen lowered shares of APi Group from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. JPMorgan Chase & Co. initiated coverage on shares of APi Group in a research report on Tuesday, June 24th. They set a "neutral" rating and a $30.67 price target on the stock. Finally, Truist Financial upped their price target on shares of APi Group from $32.00 to $36.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, APi Group currently has an average rating of "Moderate Buy" and a consensus target price of $34.19.

APi Group Stock Up 0.5%

Shares of APG stock traded up $0.16 during trading on Wednesday, reaching $34.65. The company's stock had a trading volume of 409,542 shares, compared to its average volume of 2,693,081. The business has a fifty day moving average price of $31.68 and a 200-day moving average price of $27.01. The company has a quick ratio of 1.38, a current ratio of 1.47 and a debt-to-equity ratio of 0.92. The company has a market cap of $14.39 billion, a price-to-earnings ratio of 113.06 and a beta of 1.58. APi Group has a one year low of $20.50 and a one year high of $34.99.

APi Group (NYSE:APG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.66 billion. APi Group had a net margin of 3.36% and a return on equity of 20.99%. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 earnings per share. Analysts anticipate that APi Group will post 1.83 earnings per share for the current year.

Insider Buying and Selling

In other APi Group news, Director Ian G. H. Ashken sold 225,000 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $28.48, for a total value of $6,408,000.00. Following the transaction, the director directly owned 8,418,153 shares of the company's stock, valued at $239,748,997.44. This represents a 2.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 17.00% of the company's stock.

Institutional Investors Weigh In On APi Group

A number of institutional investors have recently made changes to their positions in APG. Captrust Financial Advisors lifted its holdings in APi Group by 50.0% during the 4th quarter. Captrust Financial Advisors now owns 14,508 shares of the company's stock worth $522,000 after purchasing an additional 4,839 shares during the last quarter. Proficio Capital Partners LLC bought a new position in APi Group during the 4th quarter worth $511,000. Victory Capital Management Inc. increased its position in APi Group by 9.3% during the 4th quarter. Victory Capital Management Inc. now owns 162,538 shares of the company's stock worth $5,846,000 after buying an additional 13,780 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of APi Group during the fourth quarter worth $7,427,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of APi Group by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,839,486 shares of the company's stock valued at $66,166,000 after acquiring an additional 35,778 shares during the period. 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.