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

APi Group (NYSE:APG)‘s stock had its “buy” rating reiterated by equities research analysts at Truist Financial in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $48.00 target price on the stock, up from their prior target price of $45.00. Truist Financial’s price objective indicates a potential upside of 20.74% from the stock’s previous close.

APG has been the topic of a number of other reports. Barclays lifted their target price on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Robert W. Baird lifted their price target on shares of APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday. Royal Bank of Canada upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research report on Tuesday, January 14th. UBS Group cut their target price on APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, Citigroup decreased their price target on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

APi Group Stock Down 0.6 %

Shares of NYSE:APG opened at $39.75 on Thursday. 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. The business has a fifty day moving average of $37.54 and a two-hundred day moving average of $35.95. The stock has a market cap of $10.92 billion, a P/E ratio of -20.14 and a beta of 1.55.

Hedge Funds Weigh In On APi Group

Several institutional investors have recently bought and sold shares of the company. Raymond James & Associates boosted its stake in shares of APi Group by 20.2% in the third quarter. Raymond James & Associates now owns 173,774 shares of the company’s stock valued at $5,738,000 after purchasing an additional 29,175 shares during the period. Asset Management One Co. Ltd. lifted its holdings in APi Group by 1.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 72,493 shares of the company’s stock worth $2,394,000 after buying an additional 1,095 shares in the last quarter. Capital Investment Services of America Inc. purchased a new position in APi Group in the 3rd quarter valued at approximately $9,941,000. River Road Asset Management LLC boosted its position in APi Group by 42.9% in the 3rd quarter. River Road Asset Management LLC now owns 243,951 shares of the company’s stock valued at $8,055,000 after buying an additional 73,272 shares during the period. Finally, Equitable Trust Co. grew its stake in shares of APi Group by 2.2% in the third quarter. Equitable Trust Co. now owns 20,325 shares of the company’s stock worth $671,000 after acquiring an additional 446 shares in the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.

About APi Group

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.