Goldman Sachs Upgrades American International Group to Buy (AIG)
American International Group (NYSE: AIG) was upgraded by investment analysts at Goldman Sachs (NYSE: GS) from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday. The firm currently has a $40.00 target price on the stock.
American International Group traded up 1.53% on Wednesday, hitting $32.3157. American International Group has a 52-week low of $19.18 and a 52-week high of $34.91. The company has a market cap of $57.975 billion and a price-to-earnings ratio of 3.04.
American International Group last posted its quarterly earnings results on Thursday, May 3rd. The company reported $1.65 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.91 by $0.74. Analysts expect that American International Group will post $0.60 EPS next quarter.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of American International Group in a research note to investors on Monday. They now have a $34.00 price target on the stock. Separately, analysts at UBS AG (NYSE: UBS) raised their price target on shares of American International Group to $34.00 in a research note to investors on Friday, May 4th. They now have a “neutral” rating on the stock. Finally, analysts at Bank of America (NYSE: BAC) raised their price target on shares of American International Group from $40.00 to $44.00 in a research note to investors on Friday, May 4th. They now have a “buy” rating on the stock.
American International Group, Inc. (AIG) is an international insurance company, serving customers in more than 130 countries.