American International Group Earns BBB+ Credit Rating (AIG)
April 11th, 2015/by Doug Madison Click For Link
American International Group (NYSE:AIG) has been given a “BBB+” credit rating by analysts at Morningstar. The investment research firm’s “BBB+” rating suggests that the company is a moderate default risk. They also gave their stock a four star rating.
AIG has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “hold” rating and set a $57.00 price target on shares of American International Group in a research note on Thursday, March 26th.
Analysts at TheStreet downgraded shares of American International Group from a “buy” rating to a “hold” rating in a research note on Monday, March 16th. Analysts at Barclays set a $61.00 price target on shares of American International Group and gave the company a “buy” rating in a research note on Friday, February 13th.
Finally, analysts at Deutsche Bank set a $61.00 price target on shares of American International Group and gave the company a “buy” rating in a research note on Monday, February 9th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. American International Group has a consensus rating of “Buy” and a consensus target price of $60.92.
American International Group (NYSE:AIG) traded up 0.53% on Friday, hitting $56.59. The stock had a trading volume of 4,993,155 shares. American International Group has a 52 week low of $48.56 and a 52 week high of $56.79. The stock has a 50-day moving average of $55. and a 200-day moving average of $53.. The company has a market cap of $77.67 billion and a price-to-earnings ratio of 10.87.
American International Group (NYSE:AIG) last released its earnings data on Thursday, February 12th. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by $0.10.
The company had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $8.68 billion. During the same quarter in the previous year, the company posted $1.15 earnings per share. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. Analysts expect that American International Group will post $4.92 EPS for the current fiscal year.
American International Group, Inc (NYSE:AIG) is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in more than 130 countries. TRUTH