Most Effective Economical Stock: American International Group Inc.

New York, NY -- (SBWIRE) -- 01/11/2013 -- Shares of American International Group (NYSE: AIG) in a report released on Thursday. The firm issued an outperform rating on the stock.

A number of other analysts also recently weighed in on AIG. Analysts at Wells Fargo downgraded shares of American International Group from an outperform rating to a market perform rating in a research note to investors on Thursday. Separately, analysts at Sanford C. Bernstein reiterated an outperform rating on shares of American International Group in a research note to investors on Friday, January 4th. They now have a $45.00 price target on the stock. Finally, analysts at Barclays Capital reiterated an equal weight rating on shares of American International Group in a research note to investors on Thursday, January 3rd. They now have a $33.00 price target on the stock.

Thirteen investment analysts have rated the stock with a buy rating, one has assigned an overweight rating, and seven have given a hold rating to the company’s stock. The stock presently has a consensus rating of overweight and a consensus price target of $40.18.

American International Group traded up 0.11% on Thursday, hitting $35.80. The American International Group has a 52-week low of $24.16 and a 52-week high of $37.67. The stock’s 50-day moving average is currently $34.44. The company has a market cap of $52.852 billion and a price-to-earnings ratio of 2.46.

American International Group last announced its earnings results on Thursday, November 1st. The company reported $1.00 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.88 by $0.12. Analysts expect that American International Group will post $3.77 EPS for the current fiscal year.

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