Barclays Issues Positive Forecast for APi Group (NYSE:APG) Stock Price

APi Group (NYSE:APG) had its price target hoisted by Barclays from $43.00 to $48.00 in a research report report published on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

Other equities research analysts also recently issued reports about the company. Royal Bank of Canada raised APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Tuesday, January 14th. Citigroup lowered their target price on APi Group from $46.00 to $42.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Truist Financial reiterated a “buy” rating and set a $48.00 price target (up from $45.00) on shares of APi Group in a report on Thursday, February 27th. Robert W. Baird raised their price objective on shares of APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Finally, UBS Group cut 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. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, APi Group has an average rating of “Moderate Buy” and a consensus target price of $43.86.

APi Group Stock Up 1.2 %

Shares of APG stock opened at $42.83 on Monday. The stock’s 50 day simple moving average is $36.41 and its 200 day simple moving average is $36.83. APi Group has a twelve month low of $30.76 and a twelve month high of $42.95. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The company has a market capitalization of $11.83 billion, a price-to-earnings ratio of -21.74 and a beta of 1.54.

APi Group (NYSE:APG) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. As a group, research analysts predict that APi Group will post 1.83 EPS for the current year.

Insider Buying and Selling

In related news, Director James E. Lillie sold 50,000 shares of the stock in a transaction dated 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 completion of the transaction, the director now 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 17.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On APi Group

Several large investors have recently modified their holdings of the stock. Blue Trust Inc. boosted its stake in APi Group by 92.3% in the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock valued at $27,000 after buying an additional 386 shares in the last quarter. ORG Wealth Partners LLC bought a new position in shares of APi Group during the fourth quarter valued at $34,000. First Horizon Advisors Inc. boosted its stake in shares of APi Group by 53.4% in the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock valued at $43,000 after purchasing an additional 414 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of APi Group by 105.5% in the 1st 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 last quarter. Finally, Versant Capital Management Inc increased its position in shares of APi Group by 339.0% during the 1st quarter. Versant Capital Management Inc now owns 1,633 shares of the company’s stock worth $58,000 after purchasing an additional 1,261 shares in the last quarter. 86.62% of the stock is currently 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.