American International Group’s Neutral Rating Reaffirmed at JPMorgan Chase & Co. (AIG)
American International Group (NYSE:AIG)‘s stock had its “neutral” rating reiterated by JPMorgan Chase & Co. in a research note issued on Tuesday. They currently have a $57.00 price target on the stock, down from their previous price target of $64.00. JPMorgan Chase & Co.’s target price indicates a potential upside of 4.43% from the stock’s previous close.
American International Group (NYSE:AIG) traded up 2.00% during mid-day trading on Tuesday, hitting $55.67. The stock had a trading volume of 3,734,129 shares. American International Group has a 52-week low of $44.17 and a 52-week high of $56.00. The stock’s 50-day moving average is $54.35 and its 200-day moving average is $51.28. The company has a market cap of $80.535 billion and a price-to-earnings ratio of 9.51.
American International Group (NYSE:AIG) last announced its earnings results on Monday, May 5th. The company reported $1.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.05 by $0.16. The company had revenue of $8.23 billion for the quarter, compared to the consensus estimate of $9.35 billion. During the same quarter last year, the company posted $1.34 earnings per share. American International Group’s revenue was down 3.8% compared to the same quarter last year. Analysts expect that American International Group will post $4.43 EPS for the current fiscal year.
AIG has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of American International Group in a research note on Friday. They now have a $58.00 price target on the stock. Separately, analysts at S&P Equity Research reiterated a “buy” rating on shares of American International Group in a research note on Wednesday, June 11th. Finally, analysts at Barclays raised their price target on shares of American International Group from $56.00 to $64.00 in a research note on Friday, June 6th. They now have an “overweight” rating on the stock. Nine equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $55.90.
American International Group, Inc (NYSE:AIG) is a global insurance company.
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