APi Group (NYSE:APG) Stock Price Expected to Rise, Barclays Analyst Says

APi Group (NYSE:APG - Get Free Report) had its target price hoisted by stock analysts at Barclays from $43.00 to $48.00 in a research report issued to clients and investors on Monday, Marketbeat reports. The firm presently has an "overweight" rating on the stock. Barclays's price objective suggests a potential upside of 9.37% from the stock's current price.

APG has been the subject of a number of other research reports. Truist Financial reissued a "buy" rating and set a $48.00 target price (up previously from $45.00) on shares of APi Group in a research report on Thursday, February 27th. UBS Group dropped their price target on APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Citigroup reduced their price target on shares of APi Group from $46.00 to $42.00 and set a "buy" rating for the company in a report on Monday, April 14th. Robert W. Baird boosted their price target on APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Finally, Royal Bank of Canada upgraded 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. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, APi Group currently has an average rating of "Moderate Buy" and an average price target of $43.86.

APi Group Stock Up 1.1 %

APG stock traded up $0.50 during midday trading on Monday, reaching $43.89. The company had a trading volume of 3,103,771 shares, compared to its average volume of 1,699,297. APi Group has a 1 year low of $30.76 and a 1 year high of $44.37. 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 has a market capitalization of $12.12 billion, a P/E ratio of -22.28 and a beta of 1.54. The company has a 50 day moving average of $36.69 and a two-hundred day moving average of $36.98.

APi Group (NYSE:APG - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the company earned $0.34 EPS. The company's revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities research analysts expect that APi Group will post 1.83 earnings per share for the current fiscal year.

Insider Transactions at APi Group

In other APi Group news, Director James E. Lillie sold 50,000 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total value of $1,898,500.00. Following the transaction, the director now owns 1,046,203 shares of the company's stock, valued at approximately $39,724,327.91. The trade was a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ian G. H. Ashken sold 150,000 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $42.72, for a total transaction of $6,408,000.00. Following the transaction, the director now owns 5,612,102 shares in the company, valued at approximately $239,748,997.44. This trade represents a 2.60 % decrease in their position. The disclosure for this sale can be found here. 17.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On APi Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. boosted its position in shares of APi Group by 92.3% in the 4th quarter. Blue Trust Inc. now owns 804 shares of the company's stock worth $27,000 after purchasing an additional 386 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of APi Group in the 4th quarter valued at about $34,000. First Horizon Advisors Inc. raised its position in shares of APi Group by 53.4% in the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company's stock valued at $43,000 after acquiring an additional 414 shares during the period. GAMMA Investing LLC grew its holdings in APi Group by 105.5% during the first quarter. GAMMA Investing LLC now owns 1,529 shares of the company's stock valued at $55,000 after purchasing an additional 785 shares during the period. Finally, Versant Capital Management Inc increased its stake in APi Group by 339.0% in the first quarter. Versant Capital Management Inc now owns 1,633 shares of the company's stock valued at $58,000 after purchasing an additional 1,261 shares in the last quarter. 86.62% of the stock is owned by institutional investors.

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.