Deutsche Bank Lowers American Electric Power Co. Price Target to $48.00 (AEP)
Stock analysts at Deutsche Bank cut their price target on shares of American Electric Power Co. (NYSE:AEP) from $49.00 to $48.00 in a report issued on Wednesday, StockRatingsNetwork.com reports. Deutsche Bank’s target price indicates a potential upside of 9.39% from the company’s current price.
Shares of American Electric Power Co. (NYSE:AEP) traded up 0.37% during mid-day trading on Wednesday, hitting $43.88. The stock had a trading volume of 2,358,979 shares. American Electric Power Co. has a 52 week low of $40.56 and a 52 week high of $51.60. The stock has a 50-day moving average of $43.17 and a 200-day moving average of $46.31. The company has a market cap of $21.360 billion and a price-to-earnings ratio of 17.56.
American Electric Power Co. (NYSE:AEP) last posted its quarterly earnings results 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. Analysts expect that American Electric Power Co. will post $3.14 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on AEP. Analysts at Wells Fargo & Co. upgraded shares of American Electric Power Co. (NYSE:AEP) from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, September 23rd. Separately, 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. Finally, 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. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. American Electric Power Co. currently has an average rating of “Hold” and an average target price of $49.08.
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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