APi Group (NYSE:APG) Price Target Lowered to $43.00 at Citigroup

APi Group (NYSE:APG - Get Free Report) had its target price lowered by research analysts at Citigroup from $45.00 to $43.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Citigroup's price target would suggest a potential upside of 20.18% from the company's previous close.

A number of other equities analysts have also issued reports on the stock. Robert W. Baird raised their target price 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. William Blair reissued an "outperform" rating on shares of APi Group in a research report on Thursday, December 5th. Royal Bank of Canada reiterated a "sector perform" rating and set a $45.00 target price on shares of APi Group in a research note on Friday, November 1st. Finally, Barclays upped their price objective on APi Group from $43.00 to $44.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $43.14.

APi Group Stock Up 0.3 %

Shares of NYSE:APG traded up $0.11 during trading on Monday, hitting $35.78. 1,117,361 shares of the company were exchanged, compared to its average volume of 1,354,866. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The firm's 50 day moving average price is $36.99 and its 200-day moving average price is $35.56. The stock has a market capitalization of $9.83 billion, a P/E ratio of -18.16 and a beta of 1.55. APi Group has a 12-month low of $31.16 and a 12-month high of $40.89.

APi Group (NYSE:APG - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the firm posted $0.48 earnings per share. APi Group's revenue for the quarter was up 2.4% on a year-over-year basis. On average, research analysts predict that APi Group will post 1.83 earnings per share for the current fiscal year.

Insider Transactions at APi Group

In other news, Director James E. Lillie sold 11,568 shares of APi Group stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $36.98, for a total transaction of $427,784.64. Following the completion of the sale, the director now directly owns 1,134,635 shares in the company, valued at approximately $41,958,802.30. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ian G. H. Ashken sold 53,868 shares of the firm's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total value of $1,986,113.16. Following the completion of the transaction, the director now directly owns 5,478,779 shares of the company's stock, valued at $202,002,581.73. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 18.20% of the company's stock.

Institutional Trading of APi Group

Several large investors have recently bought and sold shares of APG. Daiwa Securities Group Inc. grew its stake in APi Group by 44.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 8,630 shares of the company's stock valued at $325,000 after acquiring an additional 2,653 shares during the last quarter. American Century Companies Inc. grew its position in shares of APi Group by 15.9% in the second quarter. American Century Companies Inc. now owns 21,686 shares of the company's stock valued at $816,000 after purchasing an additional 2,968 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of APi Group by 37.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 62,116 shares of the company's stock valued at $2,337,000 after purchasing an additional 17,030 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of APi Group by 8.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 326,207 shares of the company's stock worth $12,275,000 after purchasing an additional 25,655 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in APi Group by 79.2% during the 2nd quarter. Renaissance Technologies LLC now owns 514,900 shares of the company's stock valued at $19,376,000 after buying an additional 227,600 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company's stock.

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.