APi Group (NYSE:APG) Downgraded by Zacks Investment Research to “Strong Sell”

Zacks Investment Research downgraded shares of APi Group (NYSE:APG) from a hold rating to a strong sell rating in a research note issued to investors on Monday morning, Zacks.com reports.

According to Zacks, “APi Group Corporation provides business services of safety, specialty and industrial. The Company offers critical pipeline integrity and construction services for energy companies, utilities, public agencies, and contractors, as well as end-to-end fire protection solutions, including design, installation, inspection and service of fire protection systems. It operates principally in North America. APi Group Corporation is based in MN, United States. “

Several other research firms have also commented on APG. Barclays lifted their price target on APi Group from $20.00 to $21.00 and gave the stock an overweight rating in a research report on Monday, December 14th. Citigroup boosted their target price on APi Group from $21.00 to $22.00 in a research report on Tuesday, February 16th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. APi Group currently has a consensus rating of Buy and an average price target of $20.25.

APG opened at $19.28 on Monday. APi Group has a 12 month low of $8.84 and a 12 month high of $19.68. The company has a current ratio of 1.80, a quick ratio of 1.74 and a debt-to-equity ratio of 0.73. The stock has a 50-day moving average of $18.15 and a 200 day moving average of $16.08.

A number of large investors have recently modified their holdings of APG. Salem Investment Counselors Inc. bought a new position in APi Group in the fourth quarter worth approximately $70,000. Nisa Investment Advisors LLC raised its stake in APi Group by 21.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,500 shares of the company’s stock worth $82,000 after buying an additional 800 shares in the last quarter. GWM Advisors LLC bought a new position in APi Group in the fourth quarter worth approximately $195,000. Verition Fund Management LLC bought a new position in APi Group in the fourth quarter worth approximately $198,000. Finally, LPL Financial LLC bought a new position in APi Group in the fourth quarter worth approximately $198,000. 77.48% of the stock is owned by institutional investors.

About APi Group

APi Group Corporation provides commercial life safety solutions and industrial specialty services primarily in the United States. It operates through three segments: Safety Services, Specialty Services, and Industrial Services. The Safety Services segment offers safety solutions focusing on end-to-end integrated occupancy systems, such as fire protection solutions, and HVAC and entry systems, which include the design, installation, inspection, and service of these integrated systems.

Further Reading: Profit margin is different from the revenue

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