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

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. William Blair reiterated an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. UBS Group dropped their price objective on APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday. Citigroup dropped their price objective on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Royal Bank of Canada upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Tuesday, January 14th. Finally, Barclays increased their target price on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $42.88.

APi Group Stock Performance

The firm has a fifty 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 P/E ratio of -20.41 and a beta of 1.55. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96.

Hedge Funds Weigh In On APi Group

Several hedge funds have recently added to or reduced their stakes in the company. Western Wealth Management LLC bought a new position in APi Group in the fourth quarter valued at about $327,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in APi Group by 6.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,307,505 shares of the company’s stock worth $47,031,000 after buying an additional 80,757 shares during the last quarter. Sovereign s Capital Management LLC bought a new position in APi Group during the fourth quarter worth about $1,390,000. Spyglass Capital Management LLC boosted its holdings in APi Group by 12.9% during the fourth quarter. Spyglass Capital Management LLC now owns 2,070,041 shares of the company’s stock worth $74,459,000 after buying an additional 235,852 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in APi Group by 44.9% during the fourth quarter. Two Sigma Advisers LP now owns 1,296,700 shares of the company’s stock worth $46,642,000 after buying an additional 402,100 shares during the last quarter. Institutional investors own 86.62% of the company’s stock.

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.