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 rating of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $42.88.

Several research analysts recently weighed in on the stock. UBS Group reduced their price target on shares of APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Truist Financial assumed coverage on shares of APi Group in a research note on Wednesday, January 22nd. They set a “buy” rating and a $45.00 price objective for the company. Citigroup dropped 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 objective for the company in a research note on Tuesday, January 14th. Finally, William Blair reaffirmed an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th.

Institutional Trading of APi Group

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of APi Group by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 23,124,584 shares of the company’s stock valued at $831,791,000 after buying an additional 127,038 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of APi Group by 20.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,627,444 shares of the company’s stock valued at $562,120,000 after buying an additional 2,602,758 shares during the period. Capital Research Global Investors grew 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 buying an additional 5,931,314 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of APi Group by 19.2% in the 4th quarter. Janus Henderson Group PLC now owns 10,003,065 shares of the company’s stock worth $359,811,000 after acquiring an additional 1,611,744 shares during the last quarter. Finally, Durable Capital Partners LP lifted its holdings in shares of APi Group by 199.8% in the 4th quarter. Durable Capital Partners LP now owns 5,007,539 shares of the company’s stock worth $180,121,000 after acquiring an additional 3,337,468 shares during the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

APi Group Stock Down 2.5 %

APG opened at $39.86 on Tuesday. APi Group has a twelve month low of $31.44 and a twelve month high of $41.31. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average price of $37.42 and a 200 day moving average price of $35.82. The company has a market cap of $10.95 billion, a PE ratio of -20.23 and a beta of 1.55.

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.