Robert W. Baird Forecasts Strong Price Appreciation for APi Group (NYSE:APG) Stock

APi Group (NYSE:APG) had its price target increased by Robert W. Baird from $39.00 to $40.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 6.52% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on APG. Barclays increased their target price on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $45.00 price objective on shares of APi Group in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. decreased their price target on APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.71.

APi Group Stock Performance

NYSE:APG opened at $37.55 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The firm has a 50-day moving average price of $34.58 and a 200 day moving average price of $35.54. The firm has a market capitalization of $10.32 billion, a PE ratio of -19.06 and a beta of 1.54. APi Group has a 12-month low of $29.75 and a 12-month high of $39.98.

APi Group (NYSE:APG) last posted its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the company earned $0.48 EPS. APi Group’s revenue was up 2.4% on a year-over-year basis. Research analysts anticipate that APi Group will post 1.86 earnings per share for the current fiscal year.

Insider Activity

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the transaction, the director now directly owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. This represents a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James E. Lillie sold 11,568 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $36.98, for a total transaction of $427,784.64. Following the completion of the transaction, the director now directly owns 1,134,635 shares in the company, valued at $41,958,802.30. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is owned by insiders.

Institutional Investors Weigh In On APi Group

A number of institutional investors and hedge funds have recently modified their holdings of APG. First Horizon Advisors Inc. acquired a new stake in APi Group during the 3rd quarter worth $26,000. Avior Wealth Management LLC bought a new stake in APi Group in the third quarter valued at about $33,000. J.Safra Asset Management Corp increased its holdings in APi Group by 21.5% in the second quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock valued at $79,000 after purchasing an additional 373 shares during the last quarter. Triad Wealth Partners LLC acquired a new position in APi Group in the second quarter valued at about $132,000. Finally, Strategic Financial Concepts LLC boosted its holdings in APi Group by 3,622.0% during the second quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company’s stock worth $148,000 after buying an additional 382,012 shares during the last quarter. 86.62% of the stock is owned by institutional investors.

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.