American Electric Power Co. Upgraded to Outperform at BMO Capital Markets (AEP)
American Electric Power Co. (NYSE:AEP) was upgraded by equities researchers at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued on Thursday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on AEP. Analysts at Deutsche Bank reiterated a “hold” rating on shares of American Electric Power Co. in a research note to investors on Wednesday, December 11th. They now have a $50.00 price target on the stock, up previously from $48.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of American Electric Power Co. in a research note to investors on Wednesday, November 27th. They now have a $50.00 price target on the stock. Finally, analysts at Morgan Stanley upgraded shares of American Electric Power Co. from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, November 18th. They now have a $52.00 price target on the stock, up previously from $44.00. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $50.46.
American Electric Power Co. (NYSE:AEP) opened at 46.74 on Thursday. American Electric Power Co. has a 1-year low of $41.83 and a 1-year high of $51.60. The stock has a 50-day moving average of $46.86 and a 200-day moving average of $45.2. The company has a market cap of $22.776 billion and a P/E ratio of 19.63.
American Electric Power Co. (NYSE:AEP) last released its earnings data on Wednesday, October 23rd. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.01. The company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.61 billion. During the same quarter in the previous year, the company posted $1.02 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. Analysts expect that American Electric Power Co. will post $3.18 EPS 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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