Citigroup Cuts APi Group (NYSE:APG) Price Target to $42.00

APi Group (NYSE:APG) had its target price cut by Citigroup from $46.00 to $42.00 in a research note published on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently issued reports on APG. Robert W. Baird boosted their target price on APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Truist Financial reissued a “buy” rating and issued a $48.00 price objective (up from $45.00) on shares of APi Group in a research note on Thursday, February 27th. UBS Group reduced their price target on shares of APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Royal Bank of Canada raised shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research note on Tuesday, January 14th. Finally, Barclays reduced their price objective on APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.14.

APi Group Stock Performance

Shares of APi Group stock opened at $34.48 on Monday. The company has a market cap of $9.52 billion, a PE ratio of -17.50 and a beta of 1.55. The business has a 50-day simple moving average of $36.76 and a 200-day simple moving average of $36.36. APi Group has a one year low of $30.76 and a one year high of $41.31. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51.

Insider Buying and Selling at APi Group

In related news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $37.97, for a total value of $1,898,500.00. Following the completion of the sale, the director now directly owns 1,046,203 shares in the company, valued at $39,724,327.91. This trade represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 18.20% of the company’s stock.

Institutional Trading of APi Group

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