APi Group (NYSE:APG) Price Target Lowered to $43.00 at Citigroup

APi Group (NYSE:APG) had its target price cut by Citigroup from $45.00 to $43.00 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Robert W. Baird lifted their target price on shares of APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. Barclays lifted their price target on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. William Blair reaffirmed an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $45.00 target price on shares of APi Group in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $43.14.

APi Group Stock Up 0.3 %

Shares of NYSE:APG opened at $35.78 on Monday. The business’s 50 day moving average is $37.00 and its 200 day moving average is $35.54. APi Group has a 12-month low of $31.16 and a 12-month high of $40.89. The stock has a market cap of $9.83 billion, a price-to-earnings ratio of -18.16 and a beta of 1.55. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96.

APi Group (NYSE:APG) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.87 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 EPS. On average, sell-side analysts forecast that APi Group will post 1.83 earnings per share for the current fiscal year.

Insider Transactions at APi Group

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

Institutional Investors Weigh In On APi Group

A number of institutional investors and hedge funds have recently modified their holdings of APG. Janus Henderson Group PLC increased its holdings in APi Group by 19.2% during the 3rd quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company’s stock worth $277,079,000 after acquiring an additional 1,351,013 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of APi Group by 4.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,901,296 shares of the company’s stock valued at $227,881,000 after purchasing an additional 324,544 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of APi Group by 2.9% in the third quarter. Geode Capital Management LLC now owns 3,730,499 shares of the company’s stock worth $123,217,000 after purchasing an additional 106,119 shares during the period. State Street Corp raised its position in shares of APi Group by 3.7% in the third quarter. State Street Corp now owns 3,723,241 shares of the company’s stock worth $122,941,000 after buying an additional 132,971 shares in the last quarter. Finally, Select Equity Group L.P. boosted its stake in APi Group by 7.6% during the second quarter. Select Equity Group L.P. now owns 2,464,597 shares of the company’s stock valued at $92,743,000 after buying an additional 173,544 shares during the period. 86.62% of the stock is owned by hedge funds and other 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.