Brokerages Set APi Group Corporation (NYSE:APG) Price Target at $43.24

Shares of APi Group Corporation (NYSE:APG) have been given an average rating of “Moderate Buy” by the ten ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $43.2381.

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating on shares of APi Group in a report on Tuesday, December 23rd. Barclays boosted their price target on APi Group from $42.00 to $44.00 and gave the company an “overweight” rating in a report on Monday, November 3rd. Citigroup restated a “buy” rating and issued a $49.00 price objective (up previously from $45.00) on shares of APi Group in a research report on Monday, January 12th. Truist Financial lifted their target price on shares of APi Group from $41.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Finally, CJS Securities upgraded shares of APi Group to a “strong-buy” rating in a research note on Thursday, December 11th.

APi Group Trading Up 3.7%

Shares of APi Group stock opened at $44.55 on Tuesday. The stock has a market cap of $18.53 billion, a PE ratio of 121.50 and a beta of 1.70. The firm has a fifty day moving average price of $40.58 and a 200 day moving average price of $37.27. APi Group has a 1 year low of $20.50 and a 1 year high of $44.60. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.48 and a quick ratio of 1.41.

Insider Buying and Selling at APi Group

In other news, Director Anthony E. Malkin bought 3,000 shares of the stock in a transaction dated Wednesday, December 10th. The shares were acquired at an average cost of $39.58 per share, with a total value of $118,740.00. Following the purchase, the director directly owned 7,000 shares in the company, valued at $277,060. The trade was a 75.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have bought a total of 7,000 shares of company stock valued at $275,720 in the last three months. Corporate insiders own 17.00% of the company’s stock.

Hedge Funds Weigh In On APi Group

Hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC purchased a new stake in shares of APi Group in the first quarter valued at approximately $650,000. Goldman Sachs Group Inc. grew its stake in APi Group by 73.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 178,117 shares of the company’s stock valued at $6,369,000 after acquiring an additional 75,490 shares during the period. 111 Capital purchased a new stake in APi Group in the 2nd quarter worth $340,000. Knights of Columbus Asset Advisors LLC acquired a new position in APi Group during the second quarter worth $718,000. Finally, KLP Kapitalforvaltning AS lifted its holdings in APi Group by 1.2% during the second quarter. KLP Kapitalforvaltning AS now owns 43,000 shares of the company’s stock valued at $2,195,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

APi Group Company Profile

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.