APi Group (NYSE:APG) Price Target Raised to $54.00

APi Group (NYSE:APG - Free Report) had its price target increased by UBS Group from $48.00 to $54.00 in a research report report published on Thursday morning, Marketbeat Ratings reports. UBS Group currently has a buy rating on the stock.

APG has been the topic of a number of other reports. JPMorgan Chase & Co. increased their price target on shares of APi Group from $39.00 to $46.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Barclays increased their price target on shares of APi Group from $43.00 to $48.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Robert W. Baird increased their price target on shares of APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Citigroup cut their price target on shares of APi Group from $46.00 to $42.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $45.00 price target on shares of APi Group in a research report on Monday, May 19th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, APi Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.57.

APi Group Trading Up 2.8%

Shares of NYSE APG traded up $1.26 during mid-day trading on Thursday, hitting $46.87. The company's stock had a trading volume of 755,327 shares, compared to its average volume of 1,724,722. The stock has a market cap of $12.97 billion, a price-to-earnings ratio of -23.74 and a beta of 1.54. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. APi Group has a one year low of $30.76 and a one year high of $48.08. The company's fifty day simple moving average is $38.82 and its 200-day simple moving average is $37.93.

Shares of APi Group are scheduled to split on the morning of Tuesday, July 1st. The 3-2 split was announced on Wednesday, May 21st. The newly minted shares will be distributed to shareholders after the market closes on Monday, June 30th.

APi Group (NYSE:APG - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.66 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The company's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS. 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 Ian G. H. Ashken sold 150,000 shares of APi Group stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $42.72, for a total value of $6,408,000.00. Following the sale, the director now directly owns 5,612,102 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 at the SEC website. Also, Director James E. Lillie sold 50,000 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the completion of the transaction, the director now directly owns 1,046,203 shares of the company's stock, valued at $39,724,327.91. This represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 17.00% of the company's stock.

Hedge Funds Weigh In On APi Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. boosted its position in APi Group by 92.3% during the fourth quarter. Blue Trust Inc. now owns 804 shares of the company's stock worth $27,000 after purchasing an additional 386 shares during the period. SVB Wealth LLC bought a new position in APi Group during the first quarter worth $38,000. First Horizon Advisors Inc. boosted its position in APi Group by 53.4% during the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company's stock worth $43,000 after purchasing an additional 414 shares during the period. GAMMA Investing LLC boosted its position in 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 purchasing an additional 785 shares during the period. Finally, Versant Capital Management Inc boosted its position in shares of 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 acquiring an additional 1,261 shares during the period. 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.