APi Group's (APG) "Buy" Rating Reiterated at Truist Financial

Truist Financial reaffirmed their buy rating on shares of APi Group (NYSE:APG - Free Report) in a research report sent to investors on Thursday,Benzinga reports. They currently have a $48.00 target price on the stock, up from their prior target price of $45.00.

Other analysts have also recently issued reports about the stock. Robert W. Baird lifted their target price on shares of APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a research note on Thursday. Citigroup reduced their target price 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. UBS Group lowered their price target on 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 raised their price objective on APi Group from $43.00 to $44.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Finally, William Blair reiterated an "outperform" rating on shares of APi Group in a research report on Thursday, December 5th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $44.00.

APi Group Stock Down 5.0 %

APi Group stock traded down $1.98 during midday trading on Thursday, reaching $37.29. The company's stock had a trading volume of 2,861,474 shares, compared to its average volume of 1,623,787. 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 stock has a market capitalization of $10.25 billion, a P/E ratio of -18.93 and a beta of 1.55. The stock's 50-day simple moving average is $37.63 and its 200-day simple moving average is $36.05. APi Group has a 52-week low of $31.44 and a 52-week high of $41.31.

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Institutional Investors Weigh In On APi Group

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of APi Group by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 23,124,584 shares of the company's stock valued at $831,791,000 after purchasing an additional 127,038 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of APi Group by 20.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,627,444 shares of the company's stock worth $562,120,000 after purchasing an additional 2,602,758 shares in the last quarter. Capital Research Global Investors raised its position in shares of APi Group by 118.2% during the 4th quarter. Capital Research Global Investors now owns 10,947,284 shares of the company's stock worth $393,774,000 after purchasing an additional 5,931,314 shares during the last quarter. Janus Henderson Group PLC lifted its stake in APi Group by 19.2% in the 4th quarter. Janus Henderson Group PLC now owns 10,003,065 shares of the company's stock valued at $359,811,000 after buying an additional 1,611,744 shares in the last quarter. Finally, Durable Capital Partners LP boosted its holdings in APi Group by 199.8% in the 4th quarter. Durable Capital Partners LP now owns 5,007,539 shares of the company's stock worth $180,121,000 after buying an additional 3,337,468 shares during the last quarter. Hedge funds and other 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.