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

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

Several research firms recently commented on APG. Royal Bank Of Canada reiterated an “outperform” rating on shares of APi Group in a research note on Tuesday, December 23rd. Citigroup reiterated a “buy” rating and set a $49.00 target price (up from $45.00) on shares of APi Group in a research note on Monday, January 12th. CJS Securities raised shares of APi Group to a “strong-buy” rating in a research report on Thursday, December 11th. UBS Group set a $49.00 price target on shares of APi Group and gave the company a “buy” rating in a report on Thursday, January 15th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a research note on Monday, December 22nd.

Insider Buying and Selling

In other news, Director Anthony E. Malkin acquired 3,000 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was purchased at an average cost of $39.58 per share, with a total value of $118,740.00. Following the completion of the acquisition, the director directly owned 7,000 shares in the company, valued at $277,060. This represents a 75.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders bought 7,000 shares of company stock valued at $275,720 in the last three months. 17.00% of the stock is currently owned by company insiders.

Institutional Trading of APi Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bessemer Group Inc. lifted its position in APi Group by 72.1% in the 3rd quarter. Bessemer Group Inc. now owns 4,960,278 shares of the company’s stock worth $170,485,000 after buying an additional 2,077,705 shares in the last quarter. Truist Financial Corp increased its stake in shares of APi Group by 29.5% in the third quarter. Truist Financial Corp now owns 189,800 shares of the company’s stock worth $6,523,000 after acquiring an additional 43,202 shares during the last quarter. Bridges Investment Management Inc. raised its holdings in shares of APi Group by 59.6% during the third quarter. Bridges Investment Management Inc. now owns 112,721 shares of the company’s stock worth $3,874,000 after acquiring an additional 42,111 shares in the last quarter. Campbell Newman Asset Management Inc. boosted its position in APi Group by 50.5% during the third quarter. Campbell Newman Asset Management Inc. now owns 76,095 shares of the company’s stock valued at $2,615,000 after purchasing an additional 25,519 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its stake in APi Group by 47.4% in the third quarter. Allianz Asset Management GmbH now owns 337,089 shares of the company’s stock valued at $11,586,000 after purchasing an additional 108,433 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

APi Group Price Performance

APG opened at $44.79 on Tuesday. APi Group has a twelve month low of $20.50 and a twelve month high of $45.29. The firm has a market cap of $18.63 billion, a price-to-earnings ratio of 122.16 and a beta of 1.70. The company has a current ratio of 1.48, a quick ratio of 1.41 and a debt-to-equity ratio of 0.84. The company has a fifty day simple moving average of $40.70 and a 200 day simple moving average of $37.36.

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.