APi Group (NYSE:APG) Shares Up 6.8% - Still a Buy?

APi Group Co. (NYSE:APG - Get Free Report)'s share price was up 6.8% during trading on Wednesday . The company traded as high as $40.23 and last traded at $40.01. Approximately 1,408,616 shares changed hands during mid-day trading, an increase of 26% from the average daily volume of 1,117,903 shares. The stock had previously closed at $37.46.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. UBS Group cut their target price on shares of APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a research note on Tuesday. William Blair reiterated an "outperform" rating on shares of APi Group in a report on Thursday, December 5th. Citigroup reduced their price objective 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. Robert W. Baird lifted their target price on APi Group from $39.00 to $40.00 and gave the company an "outperform" rating in a research note on Tuesday, November 26th. Finally, Truist Financial began coverage on APi Group in a report on Wednesday, January 22nd. They issued a "buy" rating and a $45.00 target price on the stock. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.88.

APi Group Trading Down 2.5 %

The company has a 50 day moving average of $37.42 and a 200 day moving average of $35.80. The firm has a market cap of $10.95 billion, a P/E 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 Trading of APi Group

Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in APi Group in the third quarter worth $165,000. Raymond James & Associates raised its holdings in APi Group by 20.2% during the third quarter. Raymond James & Associates now owns 173,774 shares of the company's stock valued at $5,738,000 after buying an additional 29,175 shares in the last quarter. Lecap Asset Management Ltd. acquired a new stake in shares of APi Group in the third quarter worth about $943,000. Assenagon Asset Management S.A. boosted its stake in shares of APi Group by 412.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,044,034 shares of the company's stock worth $34,474,000 after acquiring an additional 840,452 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in shares of APi Group by 1.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 72,493 shares of the company's stock worth $2,394,000 after acquiring an additional 1,095 shares in the last quarter. 86.62% of the stock is owned by 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.