American Electric Power Co. Rating Increased to Outperform at Wells Fargo & Co. (AEP)
American Electric Power Co. (NYSE:AEP) was upgraded by Wells Fargo & Co. from a “market perform” rating to an “outperform” rating in a research note issued on Monday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on AEP. Analysts at BMO Capital Markets reiterated a “hold” rating on shares of American Electric Power Co. (NYSE:AEP) in a research note to investors on Thursday, August 22nd. They now have a $48.00 price target on the stock. Separately, analysts at UBS AG cut their price target on shares of American Electric Power Co. (NYSE:AEP) from $48.00 to $45.00 in a research note to investors on Thursday, August 22nd. They now have a “neutral” rating on the stock. Finally, analysts at Argus cut their price target on shares of American Electric Power Co. (NYSE:AEP) from $55.00 to $52.00 in a research note to investors on Wednesday, July 31st. They now have a “buy” rating on the stock.
Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $49.15.
Shares of American Electric Power Co. (NYSE:AEP) traded up 0.98% on Monday, hitting $44.16. The stock had a trading volume of 370,643 shares. American Electric Power Co. has a one year low of $40.56 and a one year high of $51.60. The stock’s 50-day moving average is $43.52 and its 200-day moving average is $46.53. The company has a market cap of $21.496 billion and a P/E ratio of 17.56.
American Electric Power Co. (NYSE:AEP) last released its earnings data on Thursday, July 25th. The company reported $0.73 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.74 by $0.01. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. On average, analysts predict that American Electric Power Co. will post $3.14 earnings per share for the current fiscal year.
American Electric Power Company, Inc (NYSE: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.
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