Barclays Issues Positive Forecast for APi Group (NYSE:APG) Stock Price

APi Group (NYSE:APG - Free Report) had its price target upped by Barclays from $43.00 to $44.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts have also weighed in on APG. JPMorgan Chase & Co. reduced their target price on APi Group from $37.00 to $34.00 and set a "neutral" rating for the company in a report on Friday, August 2nd. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $45.00 target price on shares of APi Group in a report on Friday. Finally, Robert W. Baird reduced their target price on APi Group from $43.00 to $42.00 and set an "outperform" rating for the company in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, APi Group presently has a consensus rating of "Moderate Buy" and an average target price of $44.00.

APi Group Stock Performance

APG traded down $0.16 during trading hours on Tuesday, hitting $35.09. The stock had a trading volume of 1,940,578 shares, compared to its average volume of 1,731,253. The company's fifty day simple moving average is $33.75 and its 200 day simple moving average is $35.64. APi Group has a 1 year low of $26.65 and a 1 year high of $39.98. The stock has a market cap of $9.64 billion, a PE ratio of -17.81 and a beta of 1.54. 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 (NYSE:APG - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The firm's revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 EPS. Equities analysts anticipate that APi Group will post 1.85 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Louis Lambert sold 5,679 shares of the business's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $36.04, for a total value of $204,671.16. Following the completion of the sale, the senior vice president now owns 2,421 shares in the company, valued at $87,252.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other APi Group news, Director Martin E. Franklin sold 178,346 shares of the business's stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total value of $6,288,479.96. Following the completion of the sale, the director now owns 14,267,479 shares in the company, valued at approximately $503,071,309.54. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Louis Lambert sold 5,679 shares of the business's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $36.04, for a total value of $204,671.16. Following the completion of the sale, the senior vice president now owns 2,421 shares of the company's stock, valued at $87,252.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is currently owned by corporate insiders.

Institutional Trading of APi Group

Several hedge funds and other institutional investors have recently bought and sold shares of APG. Cetera Advisors LLC increased its stake in shares of APi Group by 1.1% during the first quarter. Cetera Advisors LLC now owns 27,242 shares of the company's stock valued at $1,070,000 after buying an additional 287 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of APi Group by 0.3% during the second quarter. Commonwealth Equity Services LLC now owns 108,711 shares of the company's stock valued at $4,091,000 after buying an additional 323 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of APi Group by 4.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 7,071 shares of the company's stock valued at $278,000 after buying an additional 333 shares during the period. J.Safra Asset Management Corp increased its stake in shares of APi Group by 21.5% during the second quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company's stock valued at $79,000 after buying an additional 373 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of APi Group by 2.1% during the second quarter. AQR Capital Management LLC now owns 20,059 shares of the company's stock valued at $755,000 after buying an additional 406 shares during the period. Institutional investors 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.