Equities researchers at Deutsche Bank lifted their target price on shares of American International Group (NYSE:AIG) to $58.00 in a research report issued on Thursday, Stock Ratings News reports. Deutsche Bank’s price objective points to a potential upside of 21.87% from the company’s current price.
Shares of American International Group (NYSE:AIG) traded down 0.21% on Thursday, hitting $47.49. 5,691,136 shares of the company’s stock traded hands. American International Group has a 52 week low of $30.64 and a 52 week high of $53.33. The stock has a 50-day moving average of $50.05 and a 200-day moving average of $46.84. The company has a market cap of $70.111 billion and a price-to-earnings ratio of 22.40.
American International Group (NYSE:AIG) last released its earnings data on Friday, November 1st. The company reported $0.96 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.85 by $0.11. The company had revenue of $8.43 billion for the quarter, compared to the consensus estimate of $8.63 billion. During the same quarter in the prior year, the company posted $1.00 earnings per share. The company’s quarterly revenue was down 3.7% on a year-over-year basis. Analysts expect that American International Group will post $4.33 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Tuesday, December 3rd.
A number of other firms have also recently commented on AIG. Analysts at TheStreet reiterated a “hold” rating on shares of American International Group in a research note to investors on Tuesday. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of American International Group from $46.00 to $51.00 in a research note to investors on Monday. Finally, analysts at Zacks reiterated an “outperform” rating on shares of American International Group in a research note to investors on Friday, November 1st. They now have a $62.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. American International Group presently has an average rating of “Hold” and a consensus price target of $52.18.
American International Group, Inc (NYSE:AIG) is a global insurance company.
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