APi Group (NYSE:APG) Price Target Raised to $43.00 at Robert W. Baird

APi Group (NYSE:APG) had its price objective raised by Robert W. Baird from $39.00 to $43.00 in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have an outperform rating on the stock.

Other research analysts have also issued reports about the stock. Jefferies Financial Group initiated coverage on shares of APi Group in a research report on Friday, March 15th. They set a buy rating and a $48.00 price target for the company. Citigroup boosted their price target on shares of APi Group from $43.00 to $47.00 and gave the company a buy rating in a research report on Monday, April 8th. UBS Group boosted their price target on shares of APi Group from $40.00 to $48.00 and gave the company a buy rating in a research report on Tuesday, March 5th. JPMorgan Chase & Co. increased their target price on APi Group from $31.00 to $35.00 and gave the company a neutral rating in a research note on Wednesday, March 6th. Finally, Royal Bank of Canada increased their target price on APi Group from $36.00 to $45.00 and gave the company a sector perform rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $44.29.

APi Group Trading Down 1.1 %

Shares of APG stock opened at $36.98 on Tuesday. The company’s fifty day simple moving average is $37.62 and its two-hundred day simple moving average is $32.71. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.43 and a quick ratio of 1.35. APi Group has a 1 year low of $21.15 and a 1 year high of $39.98. The stock has a market capitalization of $9.68 billion, a price-to-earnings ratio of -48.66, a PEG ratio of 1.10 and a beta of 1.64.

APi Group (NYSE:APG) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.76 billion. APi Group had a net margin of 2.21% and a return on equity of 20.24%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.36 EPS. As a group, analysts anticipate that APi Group will post 1.87 earnings per share for the current year.

Insider Activity

In other news, CFO Kevin Krumm sold 5,585 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $35.72, for a total transaction of $199,496.20. Following the transaction, the chief financial officer now directly owns 34,180 shares of the company’s stock, valued at $1,220,909.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director James E. Lillie sold 125,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $38.38, for a total transaction of $4,797,500.00. Following the completion of the sale, the director now directly owns 5,455,411 shares in the company, valued at $209,378,674.18. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kevin Krumm sold 5,585 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $35.72, for a total transaction of $199,496.20. Following the sale, the chief financial officer now owns 34,180 shares of the company’s stock, valued at $1,220,909.60. The disclosure for this sale can be found here. Insiders own 16.40% of the company’s stock.

Institutional Trading of APi Group

A number of institutional investors have recently modified their holdings of the company. Viking Global Investors LP boosted its holdings in shares of APi Group by 0.3% during the fourth quarter. Viking Global Investors LP now owns 34,302,815 shares of the company’s stock worth $1,186,877,000 after purchasing an additional 103,283 shares during the period. Vanguard Group Inc. boosted its holdings in shares of APi Group by 10.2% during the fourth quarter. Vanguard Group Inc. now owns 20,790,443 shares of the company’s stock worth $719,349,000 after purchasing an additional 1,930,059 shares during the period. BlackRock Inc. boosted its holdings in shares of APi Group by 4.1% during the first quarter. BlackRock Inc. now owns 15,083,919 shares of the company’s stock worth $339,087,000 after purchasing an additional 593,023 shares during the period. Price T Rowe Associates Inc. MD purchased a new stake in APi Group in the fourth quarter worth about $159,751,000. Finally, State Street Corp lifted its holdings in APi Group by 4.9% in the first quarter. State Street Corp now owns 4,343,571 shares of the company’s stock worth $97,643,000 after buying an additional 201,805 shares during the period. 86.62% of the stock is currently owned by hedge funds and other 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.