American International Group Given Average Recommendation of “Hold” by Analysts (NYSE:AIG)
Shares of American International Group (NYSE:AIG) have been given an average recommendation of “Hold” by the twenty brokerages that are covering the stock, StockRatingsNetwork reports. Eleven analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $52.75.
American International Group (NYSE:AIG) traded down 0.51% during mid-day trading on Monday, hitting $50.56. 511,920 shares of the company’s stock traded hands. American International Group has a 52-week low of $38.19 and a 52-week high of $53.33. The stock has a 50-day moving average of $50.07 and a 200-day moving average of $49.83. The company has a market cap of $74.023 billion and a price-to-earnings ratio of 8.28.
American International Group (NYSE:AIG) last released its earnings data on Friday, February 14th. The company reported $1.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.96 by $0.38. During the same quarter in the prior year, the company posted $0.20 earnings per share. Analysts expect that American International Group will post $4.28 EPS for the current fiscal year.
AIG has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of American International Group from an “outperform” rating to a “neutral” rating in a research note on Wednesday, March 26th. They now have a $53.00 price target on the stock. Separately, analysts at Deutsche Bank downgraded shares of American International Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. They now have a $55.00 price target on the stock, down previously from $58.00. Finally, analysts at TheStreet reiterated a “hold” rating on shares of American International Group in a research note on Wednesday, March 5th.
American International Group, Inc (NYSE:AIG) is a global insurance company.
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