APi Group Co. (NYSE:APG) Receives $43.38 Average Target Price from Analysts

APi Group Co. (NYSE:APG) has earned an average rating of “Moderate Buy” from the nine analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $42.88.

APG has been the subject of a number of research reports. William Blair reiterated an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Robert W. Baird raised their target price on APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. Royal Bank of Canada raised APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research report on Tuesday, January 14th. UBS Group lowered their target price 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. Finally, Citigroup lowered their target price on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, January 13th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Advantage Alpha Capital Partners LP raised its position in shares of APi Group by 79.6% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 269,087 shares of the company’s stock worth $8,885,000 after acquiring an additional 119,229 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of APi Group in the 3rd quarter worth about $881,000. Dynamic Technology Lab Private Ltd bought a new position in shares of APi Group in the 3rd quarter worth about $2,586,000. Oppenheimer Asset Management Inc. raised its position in shares of APi Group by 60.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company’s stock worth $3,290,000 after acquiring an additional 37,531 shares in the last quarter. Finally, Quantbot Technologies LP raised its position in shares of APi Group by 5,964.3% in the 3rd quarter. Quantbot Technologies LP now owns 159,794 shares of the company’s stock worth $5,276,000 after acquiring an additional 157,159 shares in the last quarter. 86.62% of the stock is owned by institutional investors.

APi Group Stock Down 1.4 %

Shares of APG opened at $39.24 on Tuesday. APi Group has a 52 week low of $31.44 and a 52 week high of $41.31. The stock has a market capitalization of $10.78 billion, a price-to-earnings ratio of -19.92 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. The stock has a fifty day moving average of $37.45 and a 200-day moving average of $35.88.

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.