APi Group (NYSE:APG) Stock Price Expected to Rise, Robert W. Baird Analyst Says

APi Group (NYSE:APG) had its price objective upped by research analysts at Robert W. Baird from $40.00 to $46.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 15.42% from the company’s previous close.

Several other research firms have also recently commented on APG. Citigroup decreased their target price 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. Barclays raised their target price on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. William Blair reaffirmed an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Truist Financial started coverage on APi Group in a research note on Wednesday, January 22nd. They issued a “buy” rating and a $45.00 price objective for the company. Finally, UBS Group reduced 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, February 18th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.63.

APi Group Stock Down 0.7 %

Shares of APG stock opened at $39.85 on Thursday. The business’s fifty day moving average is $37.54 and its 200-day moving average is $35.95. APi Group has a 1 year low of $31.44 and a 1 year high of $41.31. The stock has a market cap of $10.95 billion, a PE ratio of -20.23 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.

Institutional Investors Weigh In On APi Group

A number of hedge funds and other institutional investors have recently modified their holdings of APG. Advantage Alpha Capital Partners LP raised its position in APi Group by 79.6% during the 3rd quarter. Advantage Alpha Capital Partners LP now owns 269,087 shares of the company’s stock valued at $8,885,000 after purchasing an additional 119,229 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of APi Group in the 3rd quarter worth approximately $881,000. Dynamic Technology Lab Private Ltd purchased a new stake in APi Group during the 3rd quarter valued at $2,586,000. Oppenheimer Asset Management Inc. boosted its stake in APi Group by 60.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company’s stock valued at $3,290,000 after purchasing an additional 37,531 shares during the last quarter. Finally, Quantbot Technologies LP boosted its stake in APi Group by 5,964.3% during the 3rd quarter. Quantbot Technologies LP now owns 159,794 shares of the company’s stock valued at $5,276,000 after purchasing an additional 157,159 shares during the last quarter. 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.