APi Group (NYSE:APG) Given New $40.00 Price Target at Barclays

APi Group (NYSE:APG - Free Report) had its price objective trimmed by Barclays to $40.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other brokerages also recently weighed in on APG. Truist Financial upped their price target on APi Group from $32.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. UBS Group increased their price objective on APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Wall Street Zen cut APi Group from a "buy" rating to a "hold" rating in a research report on Saturday. Royal Bank Of Canada reissued an "outperform" rating and issued a $34.67 target price on shares of APi Group in a research report on Friday, June 27th. Finally, JPMorgan Chase & Co. assumed coverage on APi Group in a research report on Tuesday, June 24th. They set a "neutral" rating and a $30.67 price objective for the company. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $34.19.

APi Group Trading Up 0.6%

Shares of APi Group stock traded up $0.22 during trading hours on Wednesday, hitting $34.54. The company's stock had a trading volume of 1,567,781 shares, compared to its average volume of 2,702,138. APi Group has a twelve month low of $20.50 and a twelve month high of $34.85. The firm has a fifty day moving average of $31.49 and a 200-day moving average of $26.96. The stock has a market cap of $14.34 billion, a price-to-earnings ratio of 112.63 and a beta of 1.58. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.38 and a current ratio of 1.47.

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

Insider Activity

In other news, Director Ian G. H. Ashken sold 225,000 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $28.48, for a total transaction of $6,408,000.00. Following the sale, the director owned 8,418,153 shares in the company, valued at $239,748,997.44. This trade represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 17.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of APG. SVB Wealth LLC purchased a new stake in shares of APi Group during the first quarter worth about $38,000. GAMMA Investing LLC increased its position in shares of APi Group by 105.5% during the first quarter. GAMMA Investing LLC now owns 1,529 shares of the company's stock worth $55,000 after acquiring an additional 785 shares during the last quarter. Versant Capital Management Inc increased its position in shares of APi Group by 339.0% during the first quarter. Versant Capital Management Inc now owns 1,633 shares of the company's stock worth $58,000 after acquiring an additional 1,261 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of APi Group by 40.5% during the first quarter. First Horizon Advisors Inc. now owns 1,672 shares of the company's stock worth $60,000 after acquiring an additional 482 shares during the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new stake in shares of APi Group during the second quarter worth about $98,000. Institutional investors and hedge funds 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.