American Electric Power Company (NYSE:AEP) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.55 by 11 Brokerage Firm. 8 Wall Street Firms have rated the stock as a strong buys. 3 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Jefferies maintains the rating on American Electric Power Company (NYSE:AEP). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $70 per share to $75 per share. The rating by the firm was issued on June 17, 2016.
American Electric Power Company (NYSE:AEP): The mean estimate for the short term price target for American Electric Power Company (NYSE:AEP) stands at $68.05 according to 10 Analysts. The higher price target estimate for the stock has been calculated at $76 while the lower price target estimate is at $62.
American Electric Power Company (NYSE:AEP) witnessed a decline in the market cap on Tuesday as its shares dropped 0.03% or 0.02 points. After the session commenced at $66.93, the stock reached the higher end at $67.15 while it hit a low of $66.4. With the volume soaring to 1,383,668 shares, the last trade was called at $66.77. The company has a 52-week high of $67.34. The company has a market cap of $32,805 million and there are 491,313,380 shares in outstanding. The 52-week low of the share price is $52.29.
American Electric Power Co., Inc. has dropped 0.09% in the last five trading days, however, the shares have posted positive gains of 4.66% in the last 4 weeks. American Electric Power Co., Inc. is up 3.98% in the last 3-month period. Year-to-Date the stock performance stands at 16.62%.
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.