UBS Group Has Lowered Expectations for APi Group (NYSE:APG) Stock Price

APi Group (NYSE:APG) had its target price lowered by equities researchers at UBS Group from $45.00 to $44.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price target would indicate a potential upside of 17.26% from the company’s current price.

APG has been the topic of a number of other research reports. Robert W. Baird raised their target price on APi Group from $39.00 to $40.00 and gave the company 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 target price on the stock in a report on Tuesday, January 14th. Citigroup lowered their target price on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Barclays raised their target price on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Truist Financial assumed 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. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.88.

APi Group Stock Up 0.1 %

Shares of APG stock opened at $37.53 on Tuesday. The stock’s 50 day simple moving average is $37.34 and its 200 day simple moving average is $35.66. 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 twelve month low of $31.44 and a twelve month high of $40.89. The company has a market capitalization of $10.31 billion, a price-to-earnings ratio of -19.05 and a beta of 1.55.

Institutional Trading of APi Group

Institutional investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. acquired a new stake in APi Group in the 3rd quarter valued at $26,000. Blue Trust Inc. boosted its stake in APi Group by 92.3% in the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock valued at $27,000 after buying an additional 386 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in APi Group in the 4th quarter valued at $34,000. Avior Wealth Management LLC acquired a new stake in APi Group in the 3rd quarter valued at $33,000. Finally, R Squared Ltd acquired a new stake in APi Group in the 4th quarter valued at $85,000. Institutional investors and hedge funds own 86.62% of the company’s stock.

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.