American International Group, Inc. (AIG)

[TRUISM]

American International Group Price Target Increased to $63.00 by Analysts at Deutsche Bank (AIG)
Posted on April 19, 2015 by Jamal Genner
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Deutsche Bank boosted their price objective on shares of American International Group (NYSE:AIG) from $61.00 to $63.00 in a research note issued on Thursday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price suggests a potential upside of 9.70% from the stock’s previous close.

American International Group (NYSE:AIG) traded down 1.26% on Thursday, hitting $57.43. The stock had a trading volume of 7,583,808 shares. American International Group has a 52-week low of $48.56 and a 52-week high of $58.73. 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 $78.82 billion and a P/E ratio of 11.03.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.97 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.15 earnings per share. American International Group’s revenue was down 1.8% compared to the same quarter last year. On average, analysts predict that American International Group will post $4.90 earnings per share for the current fiscal year.

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. Finally, 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. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. American International Group currently has an average rating of “Buy” and an average target price of $61.08.

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.






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