American International Group Lowered to “Neutral” at Compass Point (AIG)
American International Group (NYSE:AIG) was downgraded by research analysts at Compass Point from a “buy” rating to a “neutral” rating in a report released on Thursday, Stock Ratings News reports. They currently have a $50.00 price target on the stock. Compass Point’s price objective would suggest a potential downside of 3.79% from the stock’s previous close.
American International Group (NYSE:AIG) traded down 0.31% on Thursday, hitting $51.81. The stock had a trading volume of 3,747,468 shares. American International Group has a 52 week low of $30.64 and a 52 week high of $49.93. The stock’s 50-day moving average is $50.16 and its 200-day moving average is $46.4. The company has a market cap of $76.490 billion and a price-to-earnings ratio of 27.93. American International Group also was the recipient of some unusual options trading on Tuesday. Stock traders bought 20,296 put options on the company. This is an increase of approximately 131% compared to the average volume of 8,770 put options.
A number of other firms have also recently commented on AIG. Analysts at Zacks upgraded shares of American International Group from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, October 17th. They now have a $62.00 price target on the stock. Finally, analysts at Guggenheim initiated coverage on shares of American International Group in a research note to investors on Wednesday, September 18th. They set a “neutral” rating on the stock. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $50.86.
American International Group, Inc (NYSE:AIG) is a global insurance company.
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