APi Group (NYSE:APG) Stock Price Expected to Rise, Citigroup Analyst Says

APi Group (NYSE:APG) had its target price raised by equities research analysts at Citigroup from $42.00 to $43.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target points to a potential upside of 16.86% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Barclays reissued an “overweight” rating and issued a $42.00 target price (up previously from $40.00) on shares of APi Group in a report on Monday, August 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of APi Group in a research note on Thursday. Zacks Research downgraded shares of APi Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. JPMorgan Chase & Co. upgraded shares of APi Group from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $31.00 to $42.00 in a research report on Tuesday, July 15th. Finally, Wall Street Zen upgraded shares of APi Group from a “hold” rating to a “buy” rating in a research report on Sunday, July 13th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, APi Group has a consensus rating of “Moderate Buy” and a consensus target price of $38.24.

APi Group Stock Up 4.9%

APG stock opened at $36.80 on Friday. The company has a market capitalization of $15.30 billion, a price-to-earnings ratio of 100.36 and a beta of 1.62. The stock has a fifty day moving average of $34.90 and a 200-day moving average of $32.95. APi Group has a fifty-two week low of $20.50 and a fifty-two week high of $36.83. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.37 and a current ratio of 1.48.

APi Group (NYSE:APG) last posted its earnings results on Thursday, October 30th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.01 billion. APi Group had a net margin of 3.44% and a return on equity of 21.86%. The firm’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 EPS. APi Group has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that APi Group will post 1.83 earnings per share for the current year.

Insider Activity

In other APi Group news, Director Ian G. H. Ashken sold 205,550 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $35.24, for a total transaction of $7,243,582.00. Following the sale, the director directly owned 7,968,167 shares of the company’s stock, valued at $280,798,205.08. This trade represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James E. Lillie sold 190,000 shares of the business’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $34.88, for a total value of $6,627,200.00. Following the completion of the transaction, the director owned 7,443,101 shares in the company, valued at $259,615,362.88. The trade was a 2.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,789,843 shares of company stock worth $62,262,672. 17.00% of the stock is currently owned by corporate insiders.

Institutional Trading of APi Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bares Capital Management Inc. bought a new position in shares of APi Group during the 2nd quarter valued at about $30,000. Steigerwald Gordon & Koch Inc. bought a new position in APi Group during the third quarter valued at approximately $31,000. Root Financial Partners LLC bought a new position in APi Group during the third quarter valued at approximately $32,000. Cullen Frost Bankers Inc. grew its holdings in APi Group by 2,620.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 1,088 shares of the company’s stock valued at $37,000 after buying an additional 1,048 shares in the last quarter. Finally, SVB Wealth LLC bought a new stake in APi Group in the 1st quarter worth approximately $38,000. 86.62% of the stock is currently owned by institutional investors.

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.