American Electric Power (NYSE: AEP) received a number of ratings updates from brokerages and research firms in the last week:
- American Electric Power had its price target raised by analysts at Credit Suisse to $50.00.
- American Electric Power had its price target raised by analysts at Barclays Capital from $47.00 to $49.00. They now have an “overweight” rating on the stock.
- American Electric Power had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $46.00 price target on the stock.
- American Electric Power had its price target raised by analysts at UBS AG from $46.00 to $48.00. They now have a “neutral” rating on the stock.
- American Electric Power had its “hold” rating reaffirmed by analysts at Deutsche Bank. They now have a $46.00 price target on the stock.
- American Electric Power had its “neutral” rating reaffirmed by analysts at Zacks. They now have a $48.00 price target on the stock. Zacks‘ analyst wrote, “American Electric Power Company Inc. is one of the largest investor-owned utility holding companies in the country, catering to over 5 million customers spread over 11 states. Historically, however, the company trades at a discount to its large cap electric power utility peers due to its high earnings exposure to industrial customers and its major presence in Ohio. Going forward, the company offers stable earnings through consistent performance in core regulated operations, growth through transmission network expansion and an above average dividend yield. However, tepid economies in a number of its service states restrict opportunities for growth. Also, uncertainty surrounding pending regulatory cases, its predominantly fossil-fuel based generation assets and lower wholesale sales continue to weigh on the valuation of the stock.”
Shares of American Electric Power opened at 46.33 on Wednesday. American Electric Power has a 52 week low of $36.97 and a 52 week high of $46.46. The stock’s 50-day moving average is currently $44.52. The company has a market cap of $22.482 billion and a P/E ratio of 14.53.
American Electric Power Company, Inc. (AEP) is a utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries.
