Two Stocks To Tuck Away: American International Group Inc. (NYSE:AIG), Office Depot Inc. (NASDAQ:ODP)

The shares of American International Group Inc. (NYSE:AIG) has been pegged with a rating of Neutral by Citigroup in its latest research note that was published on January 21, 2020. The Financial company has also assigned a $55 price target. Citigroup wasn’t the only research firm that published a report of American International Group Inc., with other equities research analysts also giving their opinion on the stock. Evercore ISI advised investors in its research note published on October 17, 2019, to In-line the AIG stock while also putting a $54 price target. The stock had earned Outperform rating from William Blair Markets when it published its report on July 19, 2019. BofA/Merrill was of a view that AIG is Buy in its latest report on May 07, 2019. BofA/Merrill thinks that AIG is worth Buy rating. This was contained in the firm’s report on April 11, 2019 in which the stock’s price target was also moved to 53.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 9 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 Overweight while its average price target is $59.14. The price of the stock the last time has raised by 35.70% from its 52-Week high price while it is -7.47% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 64.29.

The shares of the company dipped by -0.35% during the trading session on Wednesday, reaching a low of $54.28 while ending the day at $54.28. During the trading session, a total of 3.95 million shares were traded which represents a 3.13% incline from the average session volume which is 4.08 million shares. AIG had ended its last session trading at $54.47. American International Group Inc. currently has a market cap of $47.18 billion, while its P/E ratio stands at 26.98, while its P/E earnings growth sits at 0.40, with a beta of 1.08. AIG 52-week low price stands at $40.00 while its 52-week high price is $58.66.

The company in its last quarterly report recorded $0.56 earnings per share which is below the predicted by most analysts. In the second quarter last year, the firm recorded $1.43 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 212.5%. American International Group Inc. has the potential to record 4.58 EPS for the current fiscal year, according to equities analysts.

Investment analysts at BofA/Merrill published a research note on August 20, 2019 where it informed investors and clients that Office Depot Inc. (NASDAQ:ODP) is now rated as Underperform. Their price target on the stock stands at $1.20. Even though the stock has been trading at $2.45/share, analysts expect it to down by -1.22% to reach $1.60/share. It started the day trading at $2.55 and traded between $2.42 and $2.42 throughout the trading session.

A look at its technical shows that ODP’s 50-day SMA is 2.44 while its 200-day SMA stands at 2.06. The stock has a high of $3.82 for the year while the low is $1.23. The stock, however, witnessed a rise in its short on 01/31/20. Compared to previous close which recorded 21.11 M shorted shares, the short percentage went higher by 0.80%, as 21.28M AIG shares were shorted. At the moment, only 3.93% of Office Depot Inc. shares were sold short. The company’s P/E ratio currently sits at 44.81, while the P/B ratio is 0.62. The company’s average trading volume currently stands at 5.74M shares, which means that the short-interest ratio is just 3.68 days. Over the past seven days, the company moved, with its shift of 0.83%. Looking further, the stock has dropped -6.56% over the past 90 days while it gained 55.13% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The BlackRock Fund Advisors bought more ODP shares, increasing its portfolio by 2.11% during the last quarter. This move now sees The BlackRock Fund Advisors purchasing 1,602,099 shares in the last quarter, thus it now holds 77,473,617 shares of ODP, with a total valuation of $171,991,430. Hotchkis & Wiley Capital Manageme. meanwhile bought more ODP shares in the recently filed quarter, changing its stake to $131,699,020 worth of shares.

Similarly, The Vanguard Group, Inc. decreased its Office Depot Inc. shares by 9.12% during the recently filed quarter. After selling 52,605,502 shares in the last quarter, the firm now controls -5,278,215 shares of Office Depot Inc. which are valued at $116,784,214. In the same vein, Dimensional Fund Advisors LP decreased its Office Depot Inc. shares by during the most recent reported quarter. The firm sold 1,996,968 shares during the quarter which decreased its stakes to 43,326,561 shares and is now valued at $96,184,965. Following these latest developments, around 0.30% of Office Depot Inc. stocks are owned by institutional investors and hedge funds.