SunTrust Banks Analysts Give American Electric Power (AEP) a $75.00 Price Target

American Electric Power (NYSE:AEP) has been given a $75.00 target price by analysts at SunTrust Banks in a research report issued on Monday. The firm currently has a “buy” rating on the utilities provider’s stock. SunTrust Banks’ price target suggests a potential upside of 16.33% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on AEP. UBS Group assumed coverage on shares of American Electric Power in a research report on Friday, February 2nd. They set a “buy” rating and a $76.00 price objective on the stock. Mizuho raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 17th. Macquarie raised shares of American Electric Power from a “neutral” rating to an “outperform” rating and raised their price target for the company from $75.00 to $76.00 in a research report on Monday, January 22nd. Bank of America assumed coverage on shares of American Electric Power in a research report on Tuesday, October 24th. They issued a “buy” rating and a $79.00 price target on the stock. Finally, Deutsche Bank cut shares of American Electric Power from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. American Electric Power presently has an average rating of “Buy” and a consensus price target of $75.21.

American Electric Power (AEP) traded down $0.25 during mid-day trading on Monday, hitting $64.47. 838,718 shares of the stock were exchanged, compared to its average volume of 3,981,852. The company has a market cap of $31,834.82, a PE ratio of 16.69, a PEG ratio of 3.09 and a beta of 0.18. The company has a quick ratio of 0.43, a current ratio of 0.49 and a debt-to-equity ratio of 1.04. American Electric Power has a one year low of $62.69 and a one year high of $78.07.

American Electric Power (NYSE:AEP) last released its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.04. The company had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.92 billion. American Electric Power had a net margin of 12.39% and a return on equity of 10.05%. The business’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 EPS. research analysts forecast that American Electric Power will post 3.89 EPS for the current year.

Large investors have recently bought and sold shares of the business. Meeder Asset Management Inc. increased its stake in American Electric Power by 188.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 5,333 shares of the utilities provider’s stock valued at $375,000 after buying an additional 3,486 shares during the last quarter. Raymond James Trust N.A. increased its stake in American Electric Power by 3.4% in the 3rd quarter. Raymond James Trust N.A. now owns 25,915 shares of the utilities provider’s stock valued at $1,820,000 after buying an additional 861 shares during the last quarter. California Public Employees Retirement System increased its stake in American Electric Power by 6.5% in the 3rd quarter. California Public Employees Retirement System now owns 1,234,413 shares of the utilities provider’s stock valued at $86,705,000 after buying an additional 75,260 shares during the last quarter. W. E. Donoghue & Co. LLC purchased a new stake in American Electric Power in the 2nd quarter valued at about $2,148,000. Finally, Commonwealth Equity Services Inc increased its stake in American Electric Power by 1.2% in the 3rd quarter. Commonwealth Equity Services Inc now owns 207,463 shares of the utilities provider’s stock valued at $14,572,000 after buying an additional 2,385 shares during the last quarter. Hedge funds and other institutional investors own 70.74% of the company’s stock.

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About American Electric Power

American Electric Power Company, Inc (AEP) is a public 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. The service areas of the Company’s public utility subsidiaries cover the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.

Analyst Recommendations for American Electric Power (NYSE:AEP)

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