Barclays Forecasts Strong Price Appreciation for APi Group (NYSE:APG) Stock

APi Group (NYSE:APG - Get Free Report) had its target price hoisted by investment analysts at Barclays from $43.00 to $48.00 in a research report issued on Monday, MarketBeat Ratings reports. The brokerage currently has an "overweight" rating on the stock. Barclays's price target would suggest a potential upside of 8.84% from the company's current price.

Several other brokerages also recently commented on APG. Truist Financial reaffirmed a "buy" rating and set a $48.00 target price (up from $45.00) on shares of APi Group in a report on Thursday, February 27th. UBS Group lowered their target price on shares of APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Royal Bank of Canada upgraded APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price target for the company in a report on Tuesday, January 14th. Citigroup dropped their price objective on APi Group from $46.00 to $42.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Robert W. Baird raised their target price on APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.86.

APi Group Price Performance

Shares of NYSE APG traded up $0.18 during midday trading on Monday, reaching $44.10. 1,492,555 shares of the company were exchanged, compared to its average volume of 1,700,413. APi Group has a one year low of $30.76 and a one year high of $44.37. The stock has a market cap of $12.21 billion, a P/E ratio of -22.39 and a beta of 1.54. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The stock's 50-day moving average price is $36.84 and its 200-day moving average price is $37.05.

APi Group (NYSE:APG - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.37 EPS for the quarter, beating 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 the consensus estimate of $1.66 billion. During the same period last year, the company earned $0.34 earnings per share. The business's quarterly revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts anticipate that APi Group will post 1.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the sale, the director now directly owns 1,046,203 shares in the company, valued at $39,724,327.91. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ian G. H. Ashken sold 150,000 shares of the stock in a transaction dated Monday, May 5th. The shares were 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 of the company's stock, valued at approximately $239,748,997.44. The trade was a 2.60 % decrease in their position. The disclosure for this sale can be found here. Insiders own 17.00% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APG. Barclays PLC grew its holdings in APi Group by 1.6% during the third quarter. Barclays PLC now owns 364,281 shares of the company's stock valued at $12,026,000 after purchasing an additional 5,701 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in APi Group in the 3rd quarter worth about $450,000. Tidal Investments LLC raised its stake in APi Group by 10.8% in the 3rd quarter. Tidal Investments LLC now owns 54,553 shares of the company's stock valued at $1,801,000 after acquiring an additional 5,337 shares during the period. Everence Capital Management Inc. bought a new position in APi Group during the fourth quarter worth about $288,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of APi Group in the fourth quarter worth about $34,000. 86.62% of the stock is currently owned by hedge funds and other 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.