Barclays Increases APi Group (NYSE:APG) Price Target to $44.00

APi Group (NYSE:APG) had its price target boosted by equities research analysts at Barclays from $43.00 to $44.00 in a report released on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 18.95% from the stock’s previous close.

APG has been the subject of a number of other reports. Robert W. Baird reduced their price objective on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. JPMorgan Chase & Co. dropped their target price on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $45.00 price target on shares of APi Group in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.00.

APi Group Price Performance

Shares of APi Group stock opened at $36.99 on Tuesday. The stock’s fifty day moving average is $33.75 and its 200 day moving average is $35.64. APi Group has a one year low of $26.65 and a one year high of $39.98. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96.

APi Group (NYSE:APG) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.87 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 earnings per share. On average, equities research analysts forecast that APi Group will post 1.85 EPS for the current fiscal year.

Insider Activity at APi Group

In other news, SVP Louis Lambert sold 5,679 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $36.04, for a total transaction of $204,671.16. Following the completion of the transaction, the senior vice president now owns 2,421 shares in the company, valued at $87,252.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Martin E. Franklin sold 178,346 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the sale, the director now owns 14,267,479 shares of the company’s stock, valued at $503,071,309.54. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Louis Lambert sold 5,679 shares of APi Group stock in a transaction on Monday, August 26th. The stock was sold at an average price of $36.04, for a total transaction of $204,671.16. Following the completion of the transaction, the senior vice president now directly owns 2,421 shares of the company’s stock, valued at $87,252.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On APi Group

A number of institutional investors and hedge funds have recently modified their holdings of APG. Whittier Trust Co. boosted its stake in APi Group by 100.9% during the first quarter. Whittier Trust Co. now owns 1,497 shares of the company’s stock worth $59,000 after buying an additional 752 shares during the period. J.Safra Asset Management Corp raised its position in APi Group by 81.3% in the 1st quarter. J.Safra Asset Management Corp now owns 1,731 shares of the company’s stock worth $68,000 after purchasing an additional 776 shares during the period. Motco purchased a new stake in APi Group in the 1st quarter worth about $83,000. Triad Wealth Partners LLC bought a new stake in APi Group in the second quarter worth about $132,000. Finally, Strategic Financial Concepts LLC boosted its position in shares of APi Group by 3,622.0% during the second quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company’s stock valued at $148,000 after buying an additional 382,012 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

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.