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

APi Group (NYSE:APG) had its price target upped by Robert W. Baird from $39.00 to $43.00 in a research report report published on Tuesday, Benzinga reports. They currently have an outperform rating on the stock.

Several other analysts have also recently commented on the stock. TheStreet cut shares of APi Group from a b rating to a c+ rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. boosted their price target on shares of APi Group from $31.00 to $35.00 and gave the stock a neutral rating in a research note on Wednesday, March 6th. Royal Bank of Canada boosted their price target on shares of APi Group from $36.00 to $45.00 and gave the stock a sector perform rating in a research note on Monday, April 8th. Barclays boosted their price target on shares of APi Group from $37.00 to $44.00 and gave the stock an overweight rating in a research note on Thursday, February 29th. Finally, Jefferies Financial Group assumed coverage on shares of APi Group in a research note on Friday, March 15th. They issued a buy rating and a $48.00 price target on the stock. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $44.29.

APi Group Stock Down 1.1 %

APG opened at $36.98 on Tuesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.35 and a current ratio of 1.43. APi Group has a fifty-two week low of $21.15 and a fifty-two week high of $39.98. The firm’s fifty day moving average is $37.62 and its 200 day moving average is $32.71. The stock has a market cap of $9.68 billion, a price-to-earnings ratio of -48.66, a price-to-earnings-growth ratio of 1.10 and a beta of 1.64.

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

Insider Transactions at APi Group

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

Hedge Funds Weigh In On APi Group

Several hedge funds have recently added to or reduced their stakes in APG. UniSuper Management Pty Ltd bought a new position in APi Group during the 2nd quarter valued at about $26,000. Toronto Dominion Bank bought a new position in APi Group in the 3rd quarter worth about $30,000. Quantbot Technologies LP grew its stake in APi Group by 386.6% in the 2nd quarter. Quantbot Technologies LP now owns 2,360 shares of the company’s stock worth $35,000 after acquiring an additional 1,875 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in APi Group by 43.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,280 shares of the company’s stock worth $44,000 after acquiring an additional 390 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in APi Group by 52.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,969 shares of the company’s stock worth $56,000 after acquiring an additional 1,019 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.