American International Group Rating Reiterated by TheStreet (AIG)
American International Group (NYSE:AIG)‘s stock had its “hold” rating restated by research analysts at TheStreet in a report released on Friday, AnalystRatingsNetwork.com reports.
The analysts wrote, “American International Group (AIG) has been reiterated by TheStreet Ratings as a hold with a ratings score of C. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins.”
American International Group (NYSE:AIG) traded down 1.88% on Friday, hitting $47.96. 12,708,183 shares of the company’s stock traded hands. American International Group has a one year low of $36.68 and a one year high of $53.33. The stock’s 50-day moving average is $50.48 and its 200-day moving average is $49.15. The company has a market cap of $70.614 billion and a price-to-earnings ratio of 22.99.
A number of other analysts have also recently weighed in 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 Tuesday, January 21st. They now have a $61.00 price target on the stock. Separately, analysts at Credit Suisse reiterated a “focus list” rating on shares of American International Group in a research note to investors on Wednesday, January 8th. Finally, analysts at Barclays raised their price target on shares of American International Group from $56.00 to $60.00 in a research note to investors on Tuesday, January 7th. They now have an “overweight” rating on the stock. Ten equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. American International Group has a consensus rating of “Buy” and an average target price of $52.83.
American International Group, Inc (NYSE:AIG) is a global insurance company.
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