APi Group (NYSE:APG) Hits New 1-Year High – What’s Next?

APi Group Co. (NYSE:APG)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $41.27 and last traded at $40.62, with a volume of 66101 shares changing hands. The stock had previously closed at $40.37.

Analysts Set New Price Targets

APG has been the subject of a number of research analyst reports. 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 report on Tuesday, January 14th. Truist Financial started coverage on APi Group in a report on Wednesday, January 22nd. They set a “buy” rating and a $45.00 target price for the company. William Blair reaffirmed an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. UBS Group dropped their price target on APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Robert W. Baird boosted their price target on APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $42.88.

APi Group Trading Down 2.5 %

The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The company has a fifty day moving average price of $37.42 and a two-hundred day moving average price of $35.80.

Institutional Trading of APi Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Mackenzie Financial Corp bought a new stake in APi Group in the fourth quarter valued at approximately $1,592,000. Forum Financial Management LP acquired a new position in shares of APi Group during the fourth quarter worth approximately $210,000. Western Wealth Management LLC acquired a new position in shares of APi Group during the fourth quarter worth approximately $327,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of APi Group by 6.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,307,505 shares of the company’s stock worth $47,031,000 after purchasing an additional 80,757 shares during the period. Finally, Sovereign s Capital Management LLC purchased a new stake in APi Group in the 4th quarter valued at $1,390,000. 86.62% of the stock is currently owned by institutional investors.

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.