Short Term Price Target on American Electric Power Company (AEP)

American Electric Power Company (NYSE:AEP) : Average target price received by American Electric Power Company (NYSE: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.

Shares of American Electric Power Co., Inc. rose by 5.26% in the last five trading days and 8.01% for the last 4 weeks. American Electric Power Co., Inc. is up 5.5% in the last 3-month period. Year-to-Date the stock performance stands at 22.42%. Also, Jefferies maintains their rating on the shares of American Electric Power Company (NYSE:AEP). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $75 per share from $70 per share. The rating by the firm was issued on June 17, 2016.

American Electric Power Company (NYSE:AEP) : Zacks Investment Research ranks American Electric Power Company (NYSE:AEP) as 3, which is a Hold recommendation. 8 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 11 research analysts is 1.55, which indicates as a Buy.

American Electric Power Company (NYSE:AEP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $68.82 and $68.58 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $70.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $70.09, notching a gain of 1.99% for the day. The total traded volume was 2,858,386 . The stock had closed at $68.72 on the previous day.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Executive Vice President) of American Electric Power Co Inc, Mccullough Mark C, had purchased 4,489 shares in a transaction dated on May 25, 2016. The transaction was executed at $63.43 per share with total amount equaling $284,737.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.