APi Group (NYSE:APG) PT Lowered to $42.00

APi Group (NYSE:APG) had its price target lowered by Robert W. Baird from $43.00 to $42.00 in a research report report published on Friday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

APG has been the topic of several other reports. Royal Bank of Canada raised their price target on APi Group from $36.00 to $45.00 and gave the stock a sector perform rating in a research report on Monday, April 8th. Citigroup increased their price target on shares of APi Group from $43.00 to $47.00 and gave the company a buy rating in a report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $44.00.

APi Group Stock Performance

NYSE:APG opened at $32.61 on Friday. APi Group has a twelve month low of $24.61 and a twelve month high of $39.98. The company has a 50-day moving average of $37.15 and a 200-day moving average of $36.84. The firm has a market cap of $8.94 billion, a price-to-earnings ratio of -15.17, a price-to-earnings-growth ratio of 1.06 and a beta of 1.57. The company has a current ratio of 1.35, a quick ratio of 1.26 and a debt-to-equity ratio of 1.14.

APi Group (NYSE:APG) last posted its earnings results on Thursday, August 1st. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.79 billion. APi Group had a net margin of 2.81% and a return on equity of 39.16%. APi Group’s revenue was down 2.3% compared to the same quarter last year. During the same period last year, the business posted $0.41 EPS. Analysts forecast that APi Group will post 1.88 earnings per share for the current fiscal year.

Insider Transactions at APi Group

In other APi Group news, major shareholder Global Investors Lp Viking sold 1,951,782 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $38.15, for a total value of $74,460,483.30. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 16.40% of the company’s stock.

Institutional Investors Weigh In On APi Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in APG. Fifth Third Bancorp bought a new stake in APi Group in the fourth quarter worth $369,000. Mirae Asset Global Investments Co. Ltd. increased its position in APi Group by 0.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 99,432 shares of the company’s stock valued at $3,440,000 after buying an additional 806 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in APi Group in the 4th quarter worth approximately $670,000. WCM Investment Management LLC grew its holdings in shares of APi Group by 1.9% during the fourth quarter. WCM Investment Management LLC now owns 1,252,056 shares of the company’s stock valued at $43,547,000 after buying an additional 22,933 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in APi Group by 9.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,638 shares of the company’s stock valued at $1,025,000 after purchasing an additional 2,538 shares during the last quarter. Institutional investors own 86.62% of the company’s stock.

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.