APi Group Co. (NYSE:APG) Receives $43.38 Consensus Price Target from Analysts

APi Group Co. (NYSE:APG) has been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $42.88.

Several brokerages have recently commented on APG. Truist Financial started coverage on shares of APi Group in a report on Wednesday, January 22nd. They issued a “buy” rating and a $45.00 price objective on the stock. Citigroup reduced their target price on shares of APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, January 13th. William Blair reiterated an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. UBS Group reduced their target price on shares of APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, 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 report on Tuesday, November 5th.

APi Group Stock Performance

Shares of APG stock opened at $39.86 on Tuesday. The firm’s 50 day moving average price is $37.42 and its 200-day moving average price is $35.82. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. APi Group has a one year low of $31.44 and a one year high of $41.31. The firm has a market cap of $10.95 billion, a P/E ratio of -20.23 and a beta of 1.55.

Institutional Investors Weigh In On APi Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp acquired a new stake in shares of APi Group in the 4th quarter valued at $1,592,000. Forum Financial Management LP purchased a new position in shares of APi Group in the 4th quarter valued at $210,000. Western Wealth Management LLC purchased a new position in shares of APi Group in the 4th quarter valued at $327,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of APi Group by 6.6% in 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 valued at $47,031,000 after buying an additional 80,757 shares during the last quarter. Finally, Sovereign s Capital Management LLC purchased a new position in shares of APi Group in the 4th quarter valued at $1,390,000. 86.62% of the stock is currently owned by institutional investors and hedge funds.

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.