APi Group’s (APG) “Buy” Rating Reiterated at Truist Financial

APi Group (NYSE:APG)‘s stock had its “buy” rating reiterated by research analysts at Truist Financial in a note issued to investors on Thursday,Benzinga reports. They presently have a $48.00 price objective on the stock, up from their prior price objective of $45.00. Truist Financial’s price objective points to a potential upside of 22.46% from the stock’s current price.

APG has been the topic of several other reports. UBS Group lowered their target price on APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Robert W. Baird raised their price target on APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday. Royal Bank of Canada upgraded shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research note on Tuesday, January 14th. Barclays increased their target price on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, William Blair restated an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $44.00.

APi Group Price Performance

NYSE APG opened at $39.20 on Thursday. The company has a 50-day moving average price of $37.63 and a two-hundred day moving average price of $36.02. APi Group has a 52 week low of $31.44 and a 52 week high of $41.31. The stock has a market cap of $10.77 billion, a price-to-earnings ratio of -19.90 and a beta of 1.55. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96.

Institutional Investors Weigh In On APi Group

A number of institutional investors and hedge funds have recently bought and sold shares of APG. First Horizon Advisors Inc. bought a new stake in shares of APi Group in the 3rd quarter worth approximately $26,000. Blue Trust Inc. grew its position in APi Group by 92.3% in the fourth quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after buying an additional 386 shares during the last quarter. Avior Wealth Management LLC bought a new position in shares of APi Group in the third quarter valued at $33,000. ORG Wealth Partners LLC acquired a new stake in shares of APi Group during the 4th quarter valued at $34,000. Finally, Strategic Financial Concepts LLC lifted its position in shares of APi Group by 2,058.1% during the 4th quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock valued at $82,000 after acquiring an additional 217,071 shares during the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.

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.