APi Group (NYSE:APG) Given New $44.00 Price Target at UBS Group

APi Group (NYSE:APG - Free Report) had its price objective trimmed by UBS Group from $45.00 to $44.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

APG has been the subject of several other reports. Citigroup decreased 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. Robert W. Baird upped their price objective on shares of APi Group from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Tuesday, November 26th. William Blair reaffirmed an "outperform" rating on shares of APi Group in a research report on Thursday, December 5th. Barclays upped their target price on shares of APi Group from $43.00 to $44.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Finally, Truist Financial started coverage on shares of APi Group in a research report on Wednesday, January 22nd. They issued a "buy" rating and a $45.00 target price on the stock. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $42.88.

APi Group Trading Down 2.5 %

NYSE APG traded down $1.02 during trading on Tuesday, hitting $39.86. The company had a trading volume of 2,256,550 shares, compared to its average volume of 1,246,052. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. APi Group has a one year low of $31.44 and a one year high of $41.31. The company has a market cap of $10.95 billion, a price-to-earnings ratio of -20.23 and a beta of 1.55. The company's fifty day moving average is $37.42 and its 200-day moving average is $35.80.

Institutional Trading of APi Group

Several institutional investors have recently bought and sold shares of the company. Mackenzie Financial Corp purchased a new stake in APi Group during the 4th quarter valued at about $1,592,000. Forum Financial Management LP purchased a new stake in APi Group during the 4th quarter valued at about $210,000. Western Wealth Management LLC purchased a new stake in APi Group during the 4th quarter valued at about $327,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in APi Group by 6.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,307,505 shares of the company's stock valued at $47,031,000 after purchasing an additional 80,757 shares during the last quarter. Finally, Sovereign s Capital Management LLC purchased a new stake in APi Group during the 4th quarter valued at about $1,390,000. 86.62% of the stock is owned by hedge funds and other 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.