AIG (AIG) EPS Could Reach $4.37 by 2015 - Goldman
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Price: $45.15 -0.51%
Rating Summary:
11 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Rating Summary:
11 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Trade AIG Now!
Last week AIG (NYSE: AIG) reported Q4 results that topped estimates. In response, Goldman Sachs put out a note today discussing the stock, and analysts pointed out improvements in the rate-driven loss ratio. They also said AIG was entering the "fundamental stage of the story".
"We have more confidence now that significant rate-driven loss ratio improvement in US commercial lines can more than offset the drag from a high expense ratio in the consumer segment and drive substantial margin expansion," said analyst Michael Nannizzi.
Goldman sees 2015 EPS of $4.37, implying 20 percent earnings growth. The firm has a Buy rating on American International Group with a price target of $43.00
For an analyst ratings summary and ratings history on American International Group (NYSE: AIG) click here. For more ratings news on American International Group click here.
Shares of American International Group closed at $38.45 yesterday, with a 52 week range of $27.18-$39.90.
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"We have more confidence now that significant rate-driven loss ratio improvement in US commercial lines can more than offset the drag from a high expense ratio in the consumer segment and drive substantial margin expansion," said analyst Michael Nannizzi.
Goldman sees 2015 EPS of $4.37, implying 20 percent earnings growth. The firm has a Buy rating on American International Group with a price target of $43.00
For an analyst ratings summary and ratings history on American International Group (NYSE: AIG) click here. For more ratings news on American International Group click here.
Shares of American International Group closed at $38.45 yesterday, with a 52 week range of $27.18-$39.90.
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