APi Group Co. (NYSE:APG) Given Average Rating of "Moderate Buy" by Analysts

APi Group Co. (NYSE:APG - Get Free Report) has earned an average recommendation of "Moderate Buy" from the nine research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $42.88.

A number of analysts have recently weighed in on the stock. UBS Group decreased their price target on shares of APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday. Truist Financial assumed coverage on shares of APi Group in a research report on Wednesday, January 22nd. They set a "buy" rating and a $45.00 price target for the company. Robert W. Baird raised their price target on shares of 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 shares of APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price target for the company in a research report on Tuesday, January 14th. Finally, 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 research report on Tuesday, November 5th.

Institutional Investors Weigh In On APi Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Equitable Trust Co. lifted its stake in APi Group by 1.7% in the fourth quarter. Equitable Trust Co. now owns 20,676 shares of the company's stock valued at $744,000 after buying an additional 351 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of APi Group by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 7,380 shares of the company's stock valued at $265,000 after purchasing an additional 370 shares in the last quarter. Blue Trust Inc. raised its stake in shares of APi Group by 92.3% during the fourth quarter. Blue Trust Inc. now owns 804 shares of the company's stock valued at $27,000 after purchasing an additional 386 shares in the last quarter. EntryPoint Capital LLC raised its stake in shares of APi Group by 3.9% during the fourth quarter. EntryPoint Capital LLC now owns 10,435 shares of the company's stock valued at $375,000 after purchasing an additional 389 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its stake in shares of APi Group by 53.4% during the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company's stock valued at $43,000 after purchasing an additional 414 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors.

APi Group Stock Down 2.5 %

Shares of APG stock traded down $1.02 during mid-day trading on Tuesday, reaching $39.86. 2,256,550 shares of the company were exchanged, compared to its average volume of 1,246,008. APi Group has a fifty-two week low of $31.44 and a fifty-two week high of $41.31. 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 company has a market capitalization of $10.95 billion, a P/E ratio of -20.23 and a beta of 1.55. The business's 50 day simple moving average is $37.38 and its 200 day simple moving average is $35.75.

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.