Robert W. Baird Issues Positive Forecast for APi Group (NYSE:APG) Stock Price

APi Group (NYSE:APG) had its price objective lifted by analysts at Robert W. Baird from $39.00 to $40.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 6.52% from the stock’s previous close.

APG has been the subject of several other research reports. JPMorgan Chase & Co. lowered their price objective on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Barclays increased their target price on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $45.00 price target on shares of APi Group in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.71.

APi Group Stock Performance

Shares of APi Group stock opened at $37.55 on Tuesday. APi Group has a 12 month low of $29.75 and a 12 month high of $39.98. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $10.32 billion, a PE ratio of -19.06 and a beta of 1.54. The stock’s fifty day simple moving average is $34.58 and its 200 day simple moving average is $35.54.

APi Group (NYSE:APG) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the firm posted $0.48 earnings per share. APi Group’s revenue was up 2.4% compared to the same quarter last year. On average, research analysts predict that APi Group will post 1.86 EPS for the current year.

Insider Activity

In related news, Director Ian G. H. Ashken sold 53,868 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the transaction, the director now directly owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. The trade was a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James E. Lillie sold 11,568 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.98, for a total transaction of $427,784.64. Following the completion of the sale, the director now owns 1,134,635 shares of the company’s stock, valued at approximately $41,958,802.30. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On APi Group

A number of institutional investors have recently bought and sold shares of APG. O Shaughnessy Asset Management LLC increased its holdings in shares of APi Group by 4.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,071 shares of the company’s stock worth $278,000 after acquiring an additional 333 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of APi Group by 192.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 53,950 shares of the company’s stock valued at $2,121,000 after purchasing an additional 35,520 shares during the period. California State Teachers Retirement System lifted its stake in shares of APi Group by 2.3% during the 1st quarter. California State Teachers Retirement System now owns 186,362 shares of the company’s stock worth $7,318,000 after buying an additional 4,102 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of APi Group by 60.0% during the 1st quarter. Tidal Investments LLC now owns 40,712 shares of the company’s stock worth $1,599,000 after buying an additional 15,265 shares during the period. Finally, Comerica Bank grew its stake in APi Group by 109.8% in the 1st quarter. Comerica Bank now owns 5,641 shares of the company’s stock valued at $222,000 after buying an additional 2,952 shares during 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.