American Electric Power (NASDAQ:AEP) PT Raised to $100.00 at Royal Bank of Canada

American Electric Power (NASDAQ:AEP) had its price target hoisted by analysts at Royal Bank of Canada from $90.00 to $100.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 12.87% from the stock’s current price.

Several other research firms have also recently commented on AEP. Mizuho cut shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research report on Thursday, January 11th. BMO Capital Markets boosted their price target on shares of American Electric Power from $93.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday. Cfra restated a “buy” rating and set a $92.00 price objective (up previously from $90.00) on shares of American Electric Power in a report on Tuesday, February 27th. LADENBURG THALM/SH SH lowered shares of American Electric Power from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $75.50 to $73.00 in a research note on Friday, March 8th. Finally, Guggenheim downgraded American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a research note on Monday, January 22nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $88.14.

American Electric Power Stock Up 0.4 %

AEP stock opened at $88.60 on Friday. The firm has a market capitalization of $46.70 billion, a PE ratio of 16.44, a P/E/G ratio of 2.73 and a beta of 0.50. The company has a quick ratio of 0.36, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. American Electric Power has a twelve month low of $69.38 and a twelve month high of $92.88. The stock’s 50 day moving average is $84.10 and its 200-day moving average is $80.86.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.02. American Electric Power had a return on equity of 11.23% and a net margin of 14.60%. The business had revenue of $5 billion for the quarter, compared to analysts’ expectations of $5.02 billion. During the same period last year, the business earned $1.11 EPS. The business’s revenue was up 6.4% on a year-over-year basis. Sell-side analysts expect that American Electric Power will post 5.58 EPS for the current fiscal year.

Institutional Investors Weigh In On American Electric Power

A number of institutional investors and hedge funds have recently modified their holdings of the company. Frazier Financial Advisors LLC bought a new stake in American Electric Power during the 4th quarter worth approximately $26,000. Denali Advisors LLC purchased a new position in shares of American Electric Power during the 1st quarter valued at $26,000. Rise Advisors LLC bought a new position in shares of American Electric Power in the first quarter worth $27,000. YHB Investment Advisors Inc. purchased a new stake in shares of American Electric Power in the first quarter worth $29,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in American Electric Power during the fourth quarter valued at $32,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Company Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.