Robert W. Baird Cuts APi Group (NYSE:APG) Price Target to $42.00

APi Group (NYSE:APG) had its price objective trimmed by Robert W. Baird from $43.00 to $42.00 in a research report report published on Friday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other research analysts have also issued reports about the company. Citigroup boosted their price target on APi Group from $43.00 to $47.00 and gave the stock a buy rating in a research report on Monday, April 8th. Royal Bank of Canada boosted their target price on shares of APi Group from $36.00 to $45.00 and gave the company a sector perform rating in a research report on Monday, April 8th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s 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 5.0 %

Shares of APG opened at $32.61 on Friday. APi Group has a 12-month low of $24.61 and a 12-month high of $39.98. The business’s 50 day moving average is $37.15 and its 200 day moving average is $36.84. The company has a current ratio of 1.35, a quick ratio of 1.26 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $8.94 billion, a PE ratio of -15.17, a price-to-earnings-growth ratio of 1.06 and a beta of 1.57.

APi Group (NYSE:APG) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. APi Group had a return on equity of 39.16% and a net margin of 2.81%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the prior year, the firm posted $0.41 EPS. APi Group’s quarterly revenue was down 2.3% compared to the same quarter last year. Research analysts expect that APi Group will post 1.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other APi Group news, major shareholder Global Investors Lp Viking sold 1,951,782 shares of APi Group stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $38.15, for a total transaction of $74,460,483.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in APi Group by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 21,822,007 shares of the company’s stock valued at $856,950,000 after purchasing an additional 1,031,564 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in APi Group by 39.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,443,315 shares of the company’s stock valued at $253,030,000 after purchasing an additional 1,826,227 shares during the period. Findlay Park Partners LLP raised its holdings in shares of APi Group by 39.1% during the first quarter. Findlay Park Partners LLP now owns 5,193,748 shares of the company’s stock valued at $203,958,000 after buying an additional 1,459,000 shares during the last quarter. Janus Henderson Group PLC grew its position in APi Group by 6,312.4% in the 1st quarter. Janus Henderson Group PLC now owns 4,884,712 shares of the company’s stock valued at $191,822,000 after buying an additional 4,808,536 shares in the last quarter. Finally, Capital Research Global Investors boosted its stake in APi Group by 271.2% during the 1st quarter. Capital Research Global Investors now owns 4,321,383 shares of the company’s stock valued at $169,701,000 after purchasing an additional 3,157,283 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.