American Electric Power Co. Price Target Raised to $48.00 at UBS AG (AEP)
Equities researchers at UBS AG increased their price target on shares of American Electric Power Co. (NYSE:AEP) from $45.00 to $48.00 in a research report issued on Friday, American Banking & Market News reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price target would suggest a potential downside of 1.66% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets upgraded shares of American Electric Power Co. from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, January 2nd. They now have a $51.00 price target on the stock. Separately, 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. Finally, 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. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $50.71.
American Electric Power Co. (NYSE:AEP) traded up 1.18% on Friday, hitting $48.81. The stock had a trading volume of 4,224,409 shares. American Electric Power Co. has a one year low of $41.83 and a one year high of $51.60. The stock has a 50-day moving average of $46.64 and a 200-day moving average of $45.55. The company has a market cap of $23.785 billion and a P/E ratio of 20.30.
American Electric Power Co. (NYSE:AEP) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.60 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.04. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter last year, the company posted $0.50 earnings per share. American Electric Power Co.’s revenue was up 5.6% compared to the same quarter last year. On average, analysts predict that American Electric Power Co. will post $3.34 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a dividend of 0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.10%. The ex-dividend date is Thursday, February 6th.
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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