APi Group (NYSE:APG) Price Target Raised to $24.00 at UBS Group

APi Group (NYSE:APGGet Rating) had its target price hoisted by UBS Group to $24.00 in a research note released on Monday morning, Stock Target Advisor reports.

Other research analysts also recently issued research reports about the stock. TheStreet upgraded shares of APi Group from a d+ rating to a c- rating in a research report on Thursday, November 3rd. Barclays lowered their price objective on shares of APi Group from $21.00 to $19.00 and set an overweight rating on the stock in a research report on Monday, October 3rd. Finally, Royal Bank of Canada increased their price objective on shares of APi Group from $18.00 to $20.00 and gave the company a sector perform rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $22.43.

APi Group Trading Down 2.4 %

NYSE:APG opened at $18.48 on Monday. The company’s 50 day moving average price is $15.67 and its 200-day moving average price is $16.18. APi Group has a 52 week low of $13.09 and a 52 week high of $26.84. The company has a quick ratio of 1.52, a current ratio of 1.62 and a debt-to-equity ratio of 1.29. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of -26.03, a PEG ratio of 0.68 and a beta of 1.58.

APi Group (NYSE:APGGet Rating) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.68 billion. APi Group had a net margin of 0.92% and a return on equity of 15.13%. The firm’s revenue for the quarter was up 65.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 earnings per share. On average, equities research analysts forecast that APi Group will post 1.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Anthony E. Malkin acquired 21,500 shares of APi Group stock in a transaction dated Monday, September 19th. The stock was purchased at an average cost of $15.10 per share, with a total value of $324,650.00. Following the completion of the purchase, the director now directly owns 77,396 shares in the company, valued at approximately $1,168,679.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Anthony E. Malkin acquired 8,554 shares of APi Group stock in a transaction dated Thursday, September 15th. The stock was purchased at an average cost of $15.35 per share, with a total value of $131,303.90. Following the completion of the purchase, the director now directly owns 53,757 shares in the company, valued at approximately $825,169.95. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Anthony E. Malkin acquired 21,500 shares of APi Group stock in a transaction dated Monday, September 19th. The stock was purchased at an average cost of $15.10 per share, with a total value of $324,650.00. Following the completion of the purchase, the director now owns 77,396 shares of the company’s stock, valued at $1,168,679.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 31,792 shares of company stock worth $482,592. Company insiders own 13.70% of the company’s stock.

Institutional Trading of APi Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. PFS Investments Inc. increased its stake in shares of APi Group by 5.9% in the third quarter. PFS Investments Inc. now owns 10,774 shares of the company’s stock worth $143,000 after purchasing an additional 600 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in APi Group by 12.0% during the third quarter. Public Employees Retirement System of Ohio now owns 5,929 shares of the company’s stock valued at $79,000 after acquiring an additional 637 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in APi Group by 1.4% during the third quarter. Commonwealth Equity Services LLC now owns 54,449 shares of the company’s stock valued at $722,000 after acquiring an additional 770 shares in the last quarter. D.A. Davidson & CO. grew its stake in APi Group by 1.2% during the second quarter. D.A. Davidson & CO. now owns 67,600 shares of the company’s stock valued at $1,012,000 after acquiring an additional 780 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in APi Group by 13.4% during the second quarter. Nisa Investment Advisors LLC now owns 6,760 shares of the company’s stock valued at $101,000 after acquiring an additional 800 shares in the last quarter. 73.28% of the stock is owned by hedge funds and other institutional investors.

About APi Group

(Get Rating)

APi Group Corporation provides safety, specialty, and industrial services in North America, Europe, Australia, and the Asian-Pacific. It operates through three segments: Safety Services, Specialty Services, and Industrial Services. The Safety Services segment offers safety solutions focusing on end-to-end integrated occupancy systems, such as fire protection solutions; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, monitoring, and service of these integrated systems.

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Analyst Recommendations for APi Group (NYSE:APG)

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