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

APi Group (NYSE:APG) had its price target lifted by equities research analysts at Barclays from $42.00 to $44.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 19.57% from the company’s previous close.

A number of other equities analysts have also commented on APG. Weiss Ratings restated a “hold (c)” rating on shares of APi Group in a research report on Thursday. Zacks Research lowered shares of APi Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. JPMorgan Chase & Co. upgraded APi Group from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $31.00 to $42.00 in a research report on Tuesday, July 15th. Citigroup lifted their price objective on APi Group from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Friday. Finally, Wall Street Zen upgraded APi Group from a “hold” rating to a “buy” rating in a research note on Sunday, July 13th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.52.

APi Group Trading Up 4.9%

NYSE:APG opened at $36.80 on Monday. APi Group has a 1 year low of $20.50 and a 1 year high of $36.83. The stock’s fifty day moving average price is $34.90 and its two-hundred day moving average price is $33.02. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.48 and a quick ratio of 1.41. The company has a market cap of $15.30 billion, a P/E ratio of 100.36 and a beta of 1.63.

APi Group (NYSE:APG) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.01 billion. APi Group had a return on equity of 21.86% and a net margin of 3.44%.The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 EPS. APi Group has set its FY 2025 guidance at EPS. As a group, analysts expect that APi Group will post 1.83 EPS for the current year.

Insiders Place Their Bets

In other news, Director James E. Lillie sold 95,000 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $35.23, for a total transaction of $3,346,850.00. Following the transaction, the director directly owned 7,348,101 shares of the company’s stock, valued at approximately $258,873,598.23. This trade represents a 1.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ian G. H. Ashken sold 205,550 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $35.24, for a total value of $7,243,582.00. Following the completion of the sale, the director directly owned 7,968,167 shares of the company’s stock, valued at approximately $280,798,205.08. This trade represents a 2.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,785,000 shares of company stock valued at $62,091,327 over the last three months. Insiders own 17.00% of the company’s stock.

Institutional Trading of APi Group

Institutional investors have recently made changes to their positions in the stock. Durable Capital Partners LP increased its stake in shares of APi Group by 78.0% in the first quarter. Durable Capital Partners LP now owns 8,911,171 shares of the company’s stock worth $318,663,000 after buying an additional 3,903,632 shares during the period. State Street Corp increased its position in shares of APi Group by 83.2% in the second quarter. State Street Corp now owns 7,150,845 shares of the company’s stock valued at $365,051,000 after acquiring an additional 3,247,126 shares during the period. Norges Bank purchased a new position in APi Group during the 2nd quarter valued at about $154,149,000. T. Rowe Price Investment Management Inc. grew its position in shares of APi Group by 75.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,767,246 shares of the company’s stock worth $241,997,000 after buying an additional 2,906,783 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of APi Group by 114.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,802,773 shares of the company’s stock valued at $100,227,000 after buying an additional 1,495,268 shares during the period. 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.