Credit Suisse Upgrades American International Group to “Outperform” (AIG)
American International Group (NYSE:AIG) was upgraded by research analysts at Credit Suisse from an “outperform” rating to an “outperform” rating in a report released on Monday, TheFlyOnTheWall.com reports. The firm currently has a $59.00 price target on the stock. Credit Suisse’s price objective points to a potential upside of 15.87% from the stock’s previous close. The analysts noted that the move was a valuation call.
AIG has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a “hold” rating on shares of American International Group in a research note to investors on Thursday, December 26th. Separately, analysts at Zacks downgraded shares of American International Group from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, December 9th. They now have a $52.00 price target on the stock. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. American International Group has an average rating of “Hold” and a consensus target price of $52.11.
Shares of American International Group (NYSE:AIG) opened at 50.92 on Monday. American International Group has a 1-year low of $34.56 and a 1-year high of $53.33. The stock’s 50-day moving average is $49.81 and its 200-day moving average is $48.4. The company has a market cap of $74.972 billion and a P/E ratio of 23.95.
American International Group (NYSE:AIG) last released its earnings data on Friday, November 1st. The company reported $0.96 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.85 by $0.11. The company had revenue of $8.43 billion for the quarter, compared to the consensus estimate of $8.63 billion. During the same quarter in the prior year, the company posted $1.00 earnings per share. The company’s quarterly revenue was down 3.7% on a year-over-year basis. On average, analysts predict that American International Group will post $4.36 earnings per share for the current fiscal year.
American International Group, Inc (NYSE:AIG) is a global insurance company.
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