American Electric Power Company Given Consensus Recommendation of “Buy” by Brokerages (NYSE:AEP)
American Electric Power Company (NYSE:AEP) has earned a consensus recommendation of “Buy” from the sixteen analysts that are covering the stock, AnalystRatings.NET reports. Five equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $55.25.
Shares of American Electric Power Company (NYSE:AEP) traded down 0.54% on Tuesday, hitting $54.3532. 447,948 shares of the company’s stock traded hands. American Electric Power Company has a one year low of $41.83 and a one year high of $55.94. The stock’s 50-day moving average is $54.09 and its 200-day moving average is $51.3. The company has a market cap of $26.561 billion and a P/E ratio of 15.41.
American Electric Power Company (NYSE:AEP) last issued its quarterly earnings data on Friday, July 25th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.05. The company had revenue of $4.00 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, analysts predict that American Electric Power Company will post $3.49 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Wednesday, August 6th.
AEP has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of American Electric Power Company in a research note on Monday. They now have a $56.00 price target on the stock, up previously from $52.00. Separately, analysts at RBC Capital raised their price target on shares of American Electric Power Company from $53.00 to $54.00 in a research note on Monday. Finally, analysts at Jefferies Group cut their price target on shares of American Electric Power Company from $56.00 to $54.00 in a research note on Monday. They now have a “hold” rating on the stock.
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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