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

APi Group Co. (NYSE:APG) has received an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $42.88.

Several analysts have recently commented on APG shares. Barclays raised their target price on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. UBS Group reduced their target price on APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. William Blair reiterated an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Citigroup cut their price target on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, Truist Financial initiated coverage on APi Group in a research note on Wednesday, January 22nd. They set a “buy” rating and a $45.00 price target for the company.

Hedge Funds Weigh In On APi Group

Several hedge funds have recently modified their holdings of APG. SG Americas Securities LLC bought a new position in shares of APi Group during the 3rd quarter worth approximately $165,000. Raymond James & Associates lifted its position in shares of APi Group by 20.2% during the 3rd quarter. Raymond James & Associates now owns 173,774 shares of the company’s stock worth $5,738,000 after buying an additional 29,175 shares in the last quarter. Lecap Asset Management Ltd. bought a new position in shares of APi Group during the 3rd quarter worth approximately $943,000. Assenagon Asset Management S.A. lifted its position in shares of APi Group by 412.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,044,034 shares of the company’s stock worth $34,474,000 after buying an additional 840,452 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in shares of APi Group by 1.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 72,493 shares of the company’s stock worth $2,394,000 after buying an additional 1,095 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

APi Group Stock Performance

Shares of APG opened at $39.24 on Tuesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The stock has a 50-day moving average of $37.45 and a 200-day moving average of $35.88. The company has a market cap of $10.78 billion, a PE ratio of -19.92 and a beta of 1.55. APi Group has a one year low of $31.44 and a one year high of $41.31.

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.