Truist Financial Reiterates “Buy” Rating for APi Group (NYSE:APG)

Truist Financial restated their buy rating on shares of APi Group (NYSE:APG) in a research report report published on Thursday,Benzinga reports. The firm currently has a $48.00 price target on the stock, up from their prior price target of $45.00.

Several other analysts have also recently issued reports on the company. William Blair reaffirmed an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. Citigroup reduced their target price 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. Barclays lifted their price objective 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. Royal Bank of Canada upgraded shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research note on Tuesday, January 14th. Finally, UBS Group decreased their price objective on APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

APi Group Price Performance

NYSE APG opened at $38.83 on Thursday. The company has a market cap of $10.67 billion, a PE ratio of -19.71 and a beta of 1.55. The firm’s 50 day moving average price is $37.58 and its 200-day moving average price is $35.97. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. APi Group has a 52-week low of $31.44 and a 52-week high of $41.31.

Hedge Funds Weigh In On APi Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. First Horizon Advisors Inc. purchased a new stake in shares of APi Group in the third quarter worth about $26,000. Blue Trust Inc. lifted its stake in APi Group by 92.3% in the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock valued at $27,000 after buying an additional 386 shares in the last quarter. Avior Wealth Management LLC purchased a new position in shares of APi Group in the third quarter valued at approximately $33,000. ORG Wealth Partners LLC acquired a new stake in APi Group during the 4th quarter worth $34,000. Finally, Strategic Financial Concepts LLC raised its position in shares of APi Group by 2,058.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock valued at $82,000 after buying an additional 217,071 shares during 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.