APi Group Co. (NYSE:APG) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of APi Group Co. (NYSE:APG) have been assigned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $43.38.

Several brokerages have recently issued reports on APG. William Blair reaffirmed an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Robert W. Baird upped their price objective on APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, November 26th. Royal Bank of Canada raised APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a report on Tuesday, January 14th. Citigroup decreased their price objective on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, Truist Financial started coverage on APi Group in a report on Wednesday, January 22nd. They set a “buy” rating and a $45.00 price objective on the stock.

Hedge Funds Weigh In On APi Group

A number of hedge funds and other institutional investors have recently made changes to their positions in APG. First Horizon Advisors Inc. purchased a new stake in shares of APi Group during the 3rd quarter worth $26,000. Blue Trust Inc. raised its stake in APi Group by 92.3% in the fourth quarter. Blue Trust Inc. now owns 804 shares of the company’s stock valued at $27,000 after buying an additional 386 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in APi Group in the fourth quarter valued at about $34,000. Avior Wealth Management LLC purchased a new stake in APi Group in the third quarter valued at about $33,000. Finally, R Squared Ltd purchased a new stake in APi Group in the fourth quarter valued at about $85,000. Institutional investors own 86.62% of the company’s stock.

APi Group Stock Up 0.1 %

NYSE APG opened at $37.53 on Tuesday. The stock’s 50 day moving average is $37.34 and its 200 day moving average is $35.66. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. APi Group has a 12 month low of $31.44 and a 12 month high of $40.89. The stock has a market cap of $10.31 billion, a PE ratio of -19.05 and a beta of 1.55.

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.