APi Group (NYSE:APG) Price Target Raised to $47.00 at Citigroup

APi Group (NYSE:APG - Free Report) had its price target raised by Citigroup from $43.00 to $47.00 in a report published on Monday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. upped their price objective on shares of APi Group from $31.00 to $35.00 and gave the company a neutral rating in a research note on Wednesday, March 6th. Royal Bank of Canada upped their price objective on shares of APi Group from $36.00 to $45.00 and gave the company a sector perform rating in a research note on Monday. UBS Group upped their target price on APi Group from $40.00 to $48.00 and gave the company a buy rating in a report on Tuesday, March 5th. TheStreet downgraded APi Group from a b rating to a c+ rating in a report on Wednesday, February 28th. Finally, Barclays upped their target price on APi Group from $37.00 to $44.00 and gave the company an overweight rating in a report on Thursday, February 29th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $43.00.

APi Group Price Performance

NYSE APG traded up $0.28 on Monday, reaching $39.57. The company's stock had a trading volume of 940,211 shares, compared to its average volume of 1,467,536. APi Group has a twelve month low of $20.64 and a twelve month high of $39.95. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.35 and a current ratio of 1.43. The stock has a market cap of $10.34 billion, a PE ratio of -52.07, a PEG ratio of 1.18 and a beta of 1.64. The firm's 50 day moving average is $36.73 and its two-hundred day moving average is $32.01.

APi Group (NYSE:APG - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. APi Group had a net margin of 2.21% and a return on equity of 20.24%. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same period in the prior year, the firm earned $0.36 earnings per share. The business's quarterly revenue was up 3.3% on a year-over-year basis. As a group, sell-side analysts predict that APi Group will post 1.86 EPS for the current year.

Insider Activity

In related news, CFO Kevin Krumm sold 5,585 shares of the firm's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total transaction of $199,496.20. Following the transaction, the chief financial officer now owns 34,180 shares of the company's stock, valued at $1,220,909.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director James E. Lillie sold 125,000 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $38.38, for a total transaction of $4,797,500.00. Following the transaction, the director now owns 5,455,411 shares of the company's stock, valued at $209,378,674.18. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kevin Krumm sold 5,585 shares of the firm's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total transaction of $199,496.20. Following the transaction, the chief financial officer now directly owns 34,180 shares in the company, valued at approximately $1,220,909.60. The disclosure for this sale can be found here. 16.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On APi Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UniSuper Management Pty Ltd bought a new position in shares of APi Group in the second quarter valued at approximately $26,000. Toronto Dominion Bank bought a new position in shares of APi Group in the third quarter valued at approximately $30,000. Nomura Asset Management Co. Ltd. raised its position in shares of APi Group by 43.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,280 shares of the company's stock valued at $44,000 after purchasing an additional 390 shares during the period. Quantbot Technologies LP raised its position in shares of APi Group by 386.6% in the second quarter. Quantbot Technologies LP now owns 2,360 shares of the company's stock valued at $35,000 after purchasing an additional 1,875 shares during the period. Finally, Comerica Bank bought a new position in shares of APi Group in the third quarter valued at approximately $69,000. 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.