APi Group’s (APG) “Buy” Rating Reiterated at Truist Financial

Truist Financial reissued their buy rating on shares of APi Group (NYSE:APG) in a research note published on Thursday,Benzinga reports. They currently have a $48.00 price target on the stock, up from their previous price target of $45.00.

Other research analysts have also issued reports about the stock. William Blair reaffirmed an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. UBS Group decreased their price target on shares of APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Robert W. Baird raised their price target on shares of APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research note on Thursday. Citigroup decreased their price target on shares of APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, Royal Bank of Canada raised shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research note on Tuesday, January 14th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $44.00.

APi Group Stock Up 1.3 %

APG opened at $39.20 on Thursday. APi Group has a fifty-two week low of $31.44 and a fifty-two week high of $41.31. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The company has a fifty day moving average of $37.63 and a two-hundred day moving average of $36.03. The stock has a market capitalization of $10.77 billion, a price-to-earnings ratio of -19.90 and a beta of 1.55.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of APG. Capital Research Global Investors raised its stake in shares of APi Group by 118.2% in the 4th quarter. Capital Research Global Investors now owns 10,947,284 shares of the company’s stock valued at $393,774,000 after acquiring an additional 5,931,314 shares during the period. Artisan Partners Limited Partnership purchased a new position in shares of APi Group during the fourth quarter worth $125,407,000. Durable Capital Partners LP grew its stake in shares of APi Group by 199.8% in the fourth quarter. Durable Capital Partners LP now owns 5,007,539 shares of the company’s stock valued at $180,121,000 after buying an additional 3,337,468 shares in the last quarter. Norges Bank purchased a new stake in shares of APi Group in the 4th quarter valued at $98,028,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in APi Group by 20.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,627,444 shares of the company’s stock worth $562,120,000 after acquiring an additional 2,602,758 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

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.