American International Group Rating Reiterated by TheStreet (AIG)
American International Group (NYSE: AIG)‘s stock had its “hold” rating reaffirmed by research analysts at TheStreet in a report released on Tuesday.
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 revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, poor profit margins and feeble growth in the company’s earnings per share.”
Shares of American International Group (NYSE: AIG) traded down 1.35% during mid-day trading on Tuesday, hitting $38.08. American International Group has a 52 week low of $27.18 and a 52 week high of $39.90. The stock’s 50-day moving average is currently $38.42. The company has a market cap of $56.218 billion and a P/E ratio of 18.94.
American International Group (NYSE: AIG) last released its earnings data on Thursday, February 21st. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.27. The company had revenue of $8.61 billion for the quarter, compared to the consensus estimate of $8.70 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, analysts predict that American International Group will post $3.35 earnings per share for the current fiscal year.
AIG has been the subject of a number of other recent research reports. Analysts at FBR Capital raised their price target on shares of American International Group from $44.00 to $47.00 in a research note to investors on Thursday, March 14th. They now have an “outperform” rating on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of American International Group in a research note to investors on Tuesday, March 5th. They now have a $45.00 price target on the stock. Finally, analysts at Evercore Partners downgraded shares of American International Group from an “overweight” rating to an “equal weight” rating in a research note to investors on Friday, March 1st.
Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $41.30.
American International Group, Inc. (NYSE: AIG) is an international insurance company, serving customers in more than 130 countries.
To view TheStreet’s full report, visit www.thestreetratings.com
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