The shares of Transocean Ltd. (NYSE:RIG) has been pegged with a rating of Buy by Goldman in its latest research note that was published on March 11th, 2019. The research company has also assigned a $11 price target. Goldman wasnâ€™t the only research firm that published a report of Transocean Ltd., with other equities research analysts also giving their opinion on the stock. Credit Suisse advised investors in its research note published on December 13th, 2018, to Outperform the RIG stock while also putting a $14 price target. The stock had earned Hold rating from Johnson Rice when it published its report on October 17th, 2018. The stock was given Outperform rating by RBC Capital Mkts in its report released on September 20th, 2018. Wells Fargo was of a view that RIG is Outperform in its latest report on September 19th, 2018. Morgan Stanley thinks that RIG is worth Overweight rating. This was contained in the firmâ€™s report on September 19th, 2018 in which the stockâ€™s price target was also moved to $15.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 6 believe it has the potential for further growth, thus rating it as Hold while 8 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $12.84. The price of the stock the last time has raised by 38.93% from its Week high price while it is raised higher than its 52-Week low price. A look at the stockâ€™s other technical shows that its 14-day RSI now stands at 42.31.
The shares of the company dipped by -2.49% during the trading session on Monday, reaching a low of $8.55 while ending the day at $8.60. During the trading session, a total of 8.56 million shares were traded which represents a 29.28% incline from the average session volume which is 12.10M shares. RIG had ended its last session trading at 8.82. Transocean Ltd. currently has a market cap of $5.20B while its P/E earnings growth sits at 1.72, with a beta of 1.81. Transocean Ltd. debt-to-equity ratio currently stands at 0.76, while its quick ratio hovers at 2.40. RIG 52-week low price stands at $6.19 while its 52-week high price is $14.47.
The company in its last quarterly report recorded -$0.34 earnings per share which is below the -$0.24 predicted by most analysts. The Transocean Ltd. generated $748.00 million in revenue during the last quarter, which is slightly higher than the $740.08 million predicted by analysts. In the second quarter last year, the firm recorded $0.06 earnings per share. Compared to the same quarter last year, the firmâ€™s revenue was up by 117.65%. Transocean Ltd. has the potential to record -4.11 EPS for the current fiscal year, according to equities analysts.
Investment analysts at BofA/Merrill published a research note on April 11th, 2019 where it informed investors and clients that American International Group, Inc. (NYSE:AIG) is now rated as Buy. Their price target on the stock stands at $53. Credit Suisse also rated AIG as Resumed on December 13th, 2018, with its price target of $100 suggesting that AIG could surge by 8.76% from its current share price. Even though the stock has been trading at $46.19/share, analysts expect it to surge higher by -0.84% to reach $50.20/share. It started the day trading at $46.30 and traded between $45.72 and $45.80 throughout the trading session.
A look at its technical shows that AIGâ€™s 50-day SMA is 43.51 while its 200-day SMA stands at 46.70. At the moment, only of American International Group, Inc. shares were sold short. The companyâ€™s average trading volume currently stands at 5.48M shares, which means that the short-interest ratio is just 4.03 days. Over the past seven days, the company moved, with its shift of 2.07%. Looking further, the stock has raised 9.05% over the past 90 days while it lost -8.66% over the last six months.
The change in the stockâ€™s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more AIG shares, increasing its portfolio by +2.55% during the last quarter. This move now sees The Vanguard Group Inc purchasing 1,649,386 shares in the last quarter, thus it now holds 66,439,009 shares of AIG, with a total valuation of $2,860,863,728. Capital Research Management Co meanwhile bought more AIG shares in the recently filed quarter, changing its stake to $1,916,439,211 worth of shares. Wellington Management Co LLP followed the path by decreasing its AIG portfolio by -0.14% in the quarter. This means that Wellington Management Co LLP sold -55,326 shares in the last quarter and now controls 38,943,293 shares of the AIG stock, with the valuation hitting $1,676,898,197.
Similarly, SSgA Funds Management Inc decreased its American International Group, Inc. shares by -3.17% during the recently filed quarter. After selling -1,260,971 shares in the last quarter, the firm now controls 38,527,125 shares of American International Group, Inc. which are valued at $1,658,978,003. In the same vein, Harris Associates LP decreased its American International Group, Inc. shares by during the most recent reported quarter. The firm sold -24,886 shares during the quarter which decreased its stakes to 36,697,379 shares and is now valued at $1,580,189,140. Following these latest developments, around 0.14% of American International Group, Inc. stocks are owned by institutional investors and hedge funds.