UBS Group Cuts APi Group (NYSE:APG) Price Target to $44.00

APi Group (NYSE:APG) had its target price decreased by UBS Group from $45.00 to $44.00 in a research report report published on Tuesday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other equities analysts have also recently weighed in on the stock. William Blair reaffirmed an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Barclays raised their price target 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. Citigroup decreased their price target on shares of APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Robert W. Baird raised their price target on shares of APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th. Finally, 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 note on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.88.

APi Group Stock Performance

Shares of APG stock opened at $40.75 on Tuesday. The company has a market capitalization of $11.20 billion, a P/E ratio of -20.69 and a beta of 1.55. APi Group has a 52 week low of $31.44 and a 52 week high of $41.27. The company’s 50 day moving average price is $37.38 and its two-hundred day moving average price is $35.75. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51.

Hedge Funds Weigh In On APi Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Equitable Trust Co. raised its stake in APi Group by 1.7% in the fourth quarter. Equitable Trust Co. now owns 20,676 shares of the company’s stock valued at $744,000 after purchasing an additional 351 shares in the last quarter. CIBC Asset Management Inc raised its stake in APi Group by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 7,380 shares of the company’s stock valued at $265,000 after purchasing an additional 370 shares in the last quarter. Blue Trust Inc. raised its stake in APi Group by 92.3% in the fourth quarter. Blue Trust Inc. now owns 804 shares of the company’s stock valued at $27,000 after purchasing an additional 386 shares in the last quarter. EntryPoint Capital LLC raised its stake in APi Group by 3.9% in the fourth quarter. EntryPoint Capital LLC now owns 10,435 shares of the company’s stock valued at $375,000 after purchasing an additional 389 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its stake in APi Group by 53.4% in the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock valued at $43,000 after purchasing an additional 414 shares in the last quarter. 86.62% of the stock is owned by institutional investors.

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.