American Electric Power Company (AEP) : Zacks Investment Research ranks American Electric Power Company (AEP) as 3, which is a Hold recommendation. 9 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 1.5, which indicates as a Strong Buy.
American Electric Power Company (AEP) : Average target price received by American Electric Power Company (AEP) is $68.05 with an expected standard deviation of $4.36. The most aggressive target on the stock is $76, whereas the most downbeat target is $62. 10 financial analysts are currently covering the stock.
American Electric Power Company (NYSE:AEP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $70.81 and $70.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $71.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $71.27, notching a gain of 0.65% for the day. The total traded volume was 2,990,387 . The stock had closed at $70.81 on the previous day.
Also, Jefferies maintains its rating on American Electric Power Company (NYSE:AEP). The global brokerage major raises the current price target from $70 per share to $75 per share. Analysts at the Jefferies have a current rating of Buy on the shares. The rating by the firm was issued on June 17, 2016. The company shares have rallied 26.38% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $70.92 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $66.18 and the 200 Day Moving Average price is recorded at $63.46.
American Electric Power Company, Inc. is a utility holding company. It operates in five segments. The vertically integrated utilities segment generates, transmits and distributes electricity through AEP Generating Company, Appalachian Power Company, Indiana Michigan Power Company, Kingsport Power Company, Kentucky Power Company, Public Service Company of Oklahoma, Southwestern Electric Power Company and Wheeling Power Company. The Transmission and Distribution Utilities segment transmits and distributes electricity through Ohio Power Company, AEP Texas Central Company and AEP Texas North Company. The Generation & Marketing segments subsidiaries consist of nonutility generating assets, a wholesale energy trading and marketing business and a retail supply and energy management business. AEP Transmission Holdco is a holding company for AEPs transmission joint ventures and AEP Transmission Company, LLC. The AEP River Operations segment transports liquid, coal and dry bulk commodities.