Robert W. Baird Issues Positive Forecast for APi Group (NYSE:APG) Stock Price

APi Group (NYSE:APG - Get Free Report) had its price objective lifted by stock analysts at Robert W. Baird from $47.00 to $51.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Robert W. Baird's target price would indicate a potential upside of 11.57% from the stock's previous close.

APG has been the subject of several other reports. Truist Financial boosted their price objective on shares of APi Group from $48.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday. UBS Group raised their price target on shares of APi Group from $48.00 to $54.00 and gave the company a "buy" rating in a report on Thursday. Barclays upped their price target on shares of APi Group from $43.00 to $48.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Royal Bank of Canada reissued an "outperform" rating and issued a $45.00 price objective on shares of APi Group in a research report on Monday. Finally, JPMorgan Chase & Co. lifted their target price on APi Group from $39.00 to $46.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $48.57.

APi Group Stock Down 0.8%

Shares of APi Group stock traded down $0.39 during trading hours on Thursday, hitting $45.71. The company had a trading volume of 368,748 shares, compared to its average volume of 1,716,263. APi Group has a twelve month low of $30.76 and a twelve month high of $48.08. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The company has a market cap of $12.65 billion, a P/E ratio of -23.20 and a beta of 1.54. The company's 50-day moving average is $38.33 and its two-hundred day moving average is $37.72.

APi Group's stock is set to split on the morning of Tuesday, July 1st. The 3-2 split was announced on Wednesday, May 21st. The newly issued shares will be issued to shareholders after the market closes on Monday, June 30th.

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, 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 company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the prior year, the company earned $0.34 earnings per share. APi Group's revenue was up 7.4% compared to the same quarter last year. 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 that occurred on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total value of $1,898,500.00. Following the transaction, the director now directly owns 1,046,203 shares of the company's stock, valued at $39,724,327.91. This trade represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ian G. H. Ashken sold 150,000 shares of the business's stock in a transaction that occurred on 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 sale, the director now owns 5,612,102 shares in the company, valued at $239,748,997.44. This represents a 2.60% decrease in their position. The disclosure for this sale can be found here. 17.00% of the stock is currently owned by insiders.

Institutional Trading of APi Group

Several large investors have recently added to or reduced their stakes in APG. Strategic Financial Concepts LLC grew its holdings in shares of APi Group by 2,058.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company's stock valued at $82,000 after buying an additional 217,071 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in APi Group by 24.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 89,897 shares of the company's stock valued at $3,236,000 after buying an additional 17,404 shares during the period. SG Americas Securities LLC lifted its position in APi Group by 325.6% in the 4th quarter. SG Americas Securities LLC now owns 21,231 shares of the company's stock worth $764,000 after buying an additional 16,242 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of APi Group during the 4th quarter valued at $511,000. Finally, Mount Yale Investment Advisors LLC purchased a new stake in shares of APi Group during the fourth quarter worth $249,000. 86.62% of the stock is owned by institutional investors and hedge funds.

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.

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