Robert W. Baird Issues Positive Forecast for APi Group (NYSE:APG) Stock Price

APi Group (NYSE:APG - Free Report) had its target price boosted by Robert W. Baird from $40.00 to $46.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts have also recently commented on the company. William Blair reissued an "outperform" rating on shares of APi Group in a report on Thursday, December 5th. Truist Financial began coverage on shares of APi Group in a report on Wednesday, January 22nd. They issued a "buy" rating and a $45.00 target price on the stock. UBS Group dropped their target price 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, February 18th. Barclays lifted their price target on shares of APi Group from $43.00 to $44.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Finally, Citigroup dropped their price objective on shares of APi Group from $45.00 to $43.00 and set a "buy" rating for the company in a report on Monday, January 13th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.00.

APi Group Stock Performance

APG traded down $1.98 during midday trading on Thursday, reaching $37.29. The company had a trading volume of 2,861,474 shares, compared to its average volume of 1,623,787. The business has a 50-day moving average of $37.63 and a two-hundred day moving average of $36.05. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. APi Group has a 1 year low of $31.44 and a 1 year high of $41.31. The company has a market cap of $10.25 billion, a P/E ratio of -18.93 and a beta of 1.55.

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Institutional Investors Weigh In On APi Group

Several institutional investors have recently modified their holdings of APG. Advantage Alpha Capital Partners LP raised its holdings 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 buying an additional 119,229 shares during the period. GSA Capital Partners LLP purchased a new position in APi Group during the third quarter worth $881,000. Dynamic Technology Lab Private Ltd bought a new position in APi Group during the third quarter valued at $2,586,000. Oppenheimer Asset Management Inc. raised its stake in shares of APi Group by 60.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company's stock valued at $3,290,000 after acquiring an additional 37,531 shares during the period. Finally, Quantbot Technologies LP lifted its holdings 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 during the last quarter. 86.62% of the stock is owned by institutional investors.

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.