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

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

Analyst Ratings Changes

Several analysts recently commented on the stock. Barclays raised their price target 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. Robert W. Baird boosted their price objective on shares of APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th. Truist Financial started coverage on shares of APi Group in a research note on Wednesday, January 22nd. They set a “buy” rating and a $45.00 target price for the company. Citigroup cut their target price on shares of APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, Royal Bank of Canada upgraded shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research note on Tuesday, January 14th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.88.

APi Group Stock Performance

The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The business’s 50-day simple moving average is $37.42 and its 200-day simple moving average is $35.80.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Equitable Trust Co. lifted its position in APi Group by 1.7% during the 4th quarter. Equitable Trust Co. now owns 20,676 shares of the company’s stock valued at $744,000 after purchasing an additional 351 shares during the period. CIBC Asset Management Inc raised its position in shares of APi Group by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 7,380 shares of the company’s stock valued at $265,000 after acquiring an additional 370 shares during the period. Blue Trust Inc. raised its position in shares of APi Group by 92.3% in the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock valued at $27,000 after acquiring an additional 386 shares during the period. EntryPoint Capital LLC raised its position in shares of APi Group by 3.9% in the 4th quarter. EntryPoint Capital LLC now owns 10,435 shares of the company’s stock valued at $375,000 after acquiring an additional 389 shares during the period. Finally, First Horizon Advisors Inc. raised its position in shares of APi Group by 53.4% in 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 during the period. 86.62% of the stock is currently owned by institutional investors and hedge funds.

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.