American Electric Power Company Receives Consensus Rating of “Buy” from Brokerages (NYSE:AEP)
Shares of American Electric Power Company (NYSE:AEP) have earned a consensus rating of “Buy” from the seventeen ratings firms that are presently covering the company, AnalystRatingsNetwork reports. Seven equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $53.83.
A number of analysts have recently weighed in on AEP shares. Analysts at Wells Fargo & Co. reiterated a “positive” rating on shares of American Electric Power Company in a research note on Tuesday, May 27th. Separately, analysts at Ned Davis Research upgraded shares of American Electric Power Company from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of American Electric Power Company in a research note on Friday, May 9th. They now have a $53.00 price target on the stock, up previously from $51.00.
American Electric Power Company (NYSE:AEP) opened at 52.81 on Wednesday. American Electric Power Company has a one year low of $41.83 and a one year high of $54.64. The stock has a 50-day moving average of $52.82 and a 200-day moving average of $49.77. The company has a market cap of $25.776 billion and a price-to-earnings ratio of 15.35.
American Electric Power Company (NYSE:AEP) last announced its earnings results on Friday, April 25th. The company reported $1.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.88 by $0.27. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter in the prior year, the company posted $0.80 earnings per share. The company’s quarterly revenue was up 21.1% on a year-over-year basis. Analysts expect that American Electric Power Company will post $3.48 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.