Citigroup Has Lowered Expectations for APi Group (NYSE:APG) Stock Price

APi Group (NYSE:APG - Get Free Report) had its price objective dropped by investment analysts at Citigroup from $46.00 to $42.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Citigroup's price objective would suggest a potential upside of 20.53% from the company's current price.

A number of other research firms have also recently weighed in on APG. Barclays lowered their target price on shares of APi Group from $44.00 to $43.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Robert W. Baird boosted their price target on APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Royal Bank of Canada raised APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price target for the company in a research note on Tuesday, January 14th. UBS Group decreased their price objective on APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Finally, Truist Financial reaffirmed a "buy" rating and set a $48.00 price target (up previously from $45.00) on shares of APi Group in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $43.14.

APi Group Stock Performance

Shares of NYSE APG traded up $0.43 during midday trading on Monday, hitting $34.85. 1,191,434 shares of the company's stock traded hands, compared to its average volume of 1,661,542. 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 market capitalization of $9.63 billion, a price-to-earnings ratio of -17.69 and a beta of 1.55. The firm has a fifty day moving average of $36.61 and a 200 day moving average of $36.39. APi Group has a 1 year low of $30.76 and a 1 year high of $41.31.

Insider Buying and Selling

In related news, Director James E. Lillie sold 50,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total value of $1,898,500.00. Following the transaction, the director now owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 17.00% of the stock is owned by company insiders.

Institutional Trading of APi Group

Several large investors have recently made changes to their positions in APG. Capital Investment Services of America Inc. lifted its stake in shares of APi Group by 16.4% in the 1st quarter. Capital Investment Services of America Inc. now owns 376,988 shares of the company's stock valued at $13,481,000 after purchasing an additional 53,226 shares during the period. Fifth Third Bancorp grew its position in APi Group by 6.5% during the first quarter. Fifth Third Bancorp now owns 11,975 shares of the company's stock valued at $428,000 after buying an additional 727 shares during the period. Handelsbanken Fonder AB increased its holdings in APi Group by 27.1% in the first quarter. Handelsbanken Fonder AB now owns 817,400 shares of the company's stock valued at $29,230,000 after buying an additional 174,100 shares in the last quarter. GAMMA Investing LLC raised its holdings in APi Group by 105.5% in the 1st quarter. GAMMA Investing LLC now owns 1,529 shares of the company's stock worth $55,000 after purchasing an additional 785 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in APi Group by 1,341.9% in the 1st quarter. Farther Finance Advisors LLC now owns 5,162 shares of the company's stock worth $185,000 after acquiring an additional 4,804 shares in the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

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.