APi Group (NYSE:APG) Given New $44.00 Price Target at UBS Group

APi Group (NYSE:APG) had its price target reduced by UBS Group from $45.00 to $44.00 in a research report released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

APG has been the subject of several other research reports. Citigroup lowered their price objective on shares of APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Royal Bank of Canada raised shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research report on Tuesday, January 14th. Truist Financial started coverage on shares of APi Group in a research report on Wednesday, January 22nd. They issued a “buy” rating and a $45.00 price target for the company. Robert W. Baird lifted their price target on shares of APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, November 26th. Finally, Barclays lifted their price target on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.88.

APi Group Stock Performance

NYSE:APG opened at $37.48 on Tuesday. The company has a fifty day moving average of $37.31 and a 200-day moving average of $35.68. The firm has a market capitalization of $10.30 billion, a P/E ratio of -19.02 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 has a twelve month low of $31.44 and a twelve month high of $40.89.

Hedge Funds Weigh In On APi Group

Hedge funds have recently bought and sold shares of the company. Western Wealth Management LLC bought a new stake in shares of APi Group during the 4th quarter worth $327,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of APi Group by 6.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,307,505 shares of the company’s stock worth $47,031,000 after purchasing an additional 80,757 shares during the period. Sovereign s Capital Management LLC bought a new stake in shares of APi Group during the 4th quarter worth $1,390,000. Spyglass Capital Management LLC raised its stake in shares of APi Group by 12.9% during the 4th quarter. Spyglass Capital Management LLC now owns 2,070,041 shares of the company’s stock worth $74,459,000 after purchasing an additional 235,852 shares during the period. Finally, Two Sigma Advisers LP raised its stake in shares of APi Group by 44.9% during the 4th quarter. Two Sigma Advisers LP now owns 1,296,700 shares of the company’s stock worth $46,642,000 after purchasing an additional 402,100 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.