APi Group (NYSE:APG) Price Target Raised to $46.00

APi Group (NYSE:APG) had its target price boosted by Robert W. Baird from $40.00 to $46.00 in a research report report published on Thursday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Several other research analysts have also recently weighed in on APG. Truist Financial assumed coverage on shares of 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 upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target for the company in a report on Tuesday, January 14th. William Blair reaffirmed an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Barclays increased their target price on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, UBS Group lowered their price objective on APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $44.00.

APi Group Price Performance

APi Group stock opened at $38.83 on Thursday. The company’s fifty day moving average price is $37.58 and its 200 day moving average price is $35.97. APi Group has a 1 year low of $31.44 and a 1 year high of $41.31. The stock has a market capitalization of $10.67 billion, a P/E ratio of -19.71 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.

Hedge Funds Weigh In On APi Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Equitable Trust Co. grew its position in shares of APi Group by 1.7% during the fourth quarter. Equitable Trust Co. now owns 20,676 shares of the company’s stock worth $744,000 after buying an additional 351 shares in the last quarter. CIBC Asset Management Inc grew its stake in APi Group by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 7,380 shares of the company’s stock worth $265,000 after buying an additional 370 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of APi Group by 92.3% in the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after acquiring an additional 386 shares during the period. EntryPoint Capital LLC raised its holdings in shares of APi Group by 3.9% during the fourth quarter. EntryPoint Capital LLC now owns 10,435 shares of the company’s stock valued at $375,000 after buying an additional 389 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its stake in APi Group by 53.4% during the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock valued at $43,000 after acquiring an additional 414 shares in the last quarter. Hedge funds and other institutional investors 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.