American International Group Price Target Raised to $60.00 at Barclays (AIG)
Barclays increased their price target on shares of American International Group (NYSE:AIG) from $56.00 to $60.00 in a research note issued on Tuesday, Analyst Ratings News reports. The firm currently has an “overweight” rating on the stock. Barclays’ price objective suggests a potential upside of 18.76% from the company’s current price.
American International Group (NYSE:AIG) traded up 1.19% during mid-day trading on Tuesday, hitting $51.12. The stock had a trading volume of 4,940,739 shares. American International Group has a 52-week low of $34.56 and a 52-week high of $53.33. The stock has a 50-day moving average of $49.85 and a 200-day moving average of $48.50. The company has a market cap of $75.266 billion and a price-to-earnings ratio of 23.76.
American International Group (NYSE:AIG) last released its earnings data on Friday, November 1st. The company reported $0.96 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. Analysts expect that American International Group will post $4.36 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “hold” rating on shares of American International Group in a research note to investors on Tuesday. Finally, 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 equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $52.33.
American International Group, Inc (NYSE:AIG) is a global insurance company.
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