American Electric Power Company Receives Average Recommendation of “Buy” from Brokerages (NYSE:AEP)
Shares of American Electric Power Company (NYSE:AEP) have been given a consensus recommendation of “Buy” by the fourteen ratings firms that are covering the company, American Banking News reports. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $54.13.
A number of research firms have recently commented on AEP. Analysts at Morgan Stanley downgraded shares of American Electric Power Company from an “overweight” rating to an “equal weight” rating in a research note on Monday, August 4th. They now have a $52.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of American Electric Power Company in a research note on Monday, July 28th. They now have a $56.00 price target on the stock, up previously from $52.00. Finally, 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, July 28th.
Shares of American Electric Power Company (NYSE:AEP) opened at 53.00 on Friday. American Electric Power Company has a 52 week low of $41.86 and a 52 week high of $55.94. The stock has a 50-day moving average of $52.43 and a 200-day moving average of $52.14. The company has a market cap of $25.900 billion and a price-to-earnings ratio of 14.95.
American Electric Power Company (NYSE:AEP) last announced its earnings results on Friday, July 25th. The company reported $0.80 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.73 earnings per share. American Electric Power Company’s revenue was up 11.1% compared to the same quarter last year. Analysts expect that American Electric Power Company will post $3.49 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders 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 3.77%. The ex-dividend date is Wednesday, August 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.