Robert W. Baird Issues Positive Forecast for APi Group (NYSE:APG) Stock Price

APi Group (NYSE:APG) had its price target lifted by equities research analysts at Robert W. Baird from $40.00 to $46.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price objective would indicate a potential upside of 17.36% from the company’s previous close.

APG has been the subject of several other research reports. William Blair restated an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. Royal Bank of Canada raised shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research report on Tuesday, January 14th. UBS Group dropped their price objective on APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Citigroup reduced their target price on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Truist Financial assumed coverage on APi Group in a research report on Wednesday, January 22nd. They issued a “buy” rating and a $45.00 target price for the company. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

APi Group Stock Up 1.3 %

Shares of APi Group stock opened at $39.20 on Thursday. The company has a market capitalization of $10.77 billion, a P/E ratio of -19.90 and a beta of 1.55. The company has a 50 day moving average of $37.63 and a 200 day moving average of $36.02. APi Group has a 52-week low of $31.44 and a 52-week high of $41.31. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96.

Hedge Funds Weigh In On APi Group

Several institutional investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. purchased a new position in APi Group during the 3rd quarter worth $26,000. Blue Trust Inc. boosted its position in shares of APi Group by 92.3% during the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after purchasing an additional 386 shares in the last quarter. Avior Wealth Management LLC acquired a new position in APi Group during the third quarter worth about $33,000. ORG Wealth Partners LLC purchased a new position in APi Group in the fourth quarter valued at about $34,000. Finally, Strategic Financial Concepts LLC lifted its position in shares of APi Group by 2,058.1% during the 4th quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock valued at $82,000 after acquiring an additional 217,071 shares during the period. 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.