APi Group (NYSE:APG) Trading 6.8% Higher – What’s Next?

APi Group Co. (NYSE:APG) traded up 6.8% during trading on Wednesday . The company traded as high as $40.23 and last traded at $40.01. 1,408,616 shares were traded during trading, an increase of 26% from the average session volume of 1,117,903 shares. The stock had previously closed at $37.46.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Truist Financial assumed coverage on APi Group in a research report on Wednesday, January 22nd. They set a “buy” rating and a $45.00 price target on the stock. Royal Bank of Canada raised APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Tuesday, January 14th. Robert W. Baird raised their price target on APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. Citigroup dropped their price target on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, Barclays raised their price target on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.88.

APi Group Stock Performance

The stock has a 50-day moving average of $37.31 and a 200-day moving average of $35.68. The firm has a market cap of $11.05 billion, a price-to-earnings ratio of -20.41 and a beta of 1.55. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of APG. First Horizon Advisors Inc. bought a new position in APi Group in the third quarter valued at approximately $26,000. Blue Trust Inc. grew its stake in APi Group by 92.3% in the fourth quarter. Blue Trust Inc. now owns 804 shares of the company’s stock valued at $27,000 after purchasing an additional 386 shares in the last quarter. Avior Wealth Management LLC bought a new position in APi Group in the third quarter valued at approximately $33,000. ORG Wealth Partners LLC bought a new position in APi Group in the fourth quarter valued at approximately $34,000. Finally, Strategic Financial Concepts LLC grew its stake in APi Group by 2,058.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock valued at $82,000 after purchasing an additional 217,071 shares in the last quarter. 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.