American Electric Power Company (AEP) : 11 analysts are covering American Electric Power Company (AEP) and their average rating on the stock is 1.73, which is read as a Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
American Electric Power Company (AEP) : The highest level American Electric Power Company (AEP) is projected to reach is $77 for the short term and the lowest estimate is at $65. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $72.94 and the possibility the share price can swing is $4.48.
Also, Major Brokerage house, Citigroup maintains its ratings on American Electric Power Company (NYSE:AEP). In the latest research report, Citigroup raises the target price from $68 per share to $69 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on September 8, 2016.
American Electric Power Company (NYSE:AEP): After opening at $63.94, the stock dipped to an intraday low of $63.71 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $64.475 and the buying power remained strong till the end. The stock closed at $64.3 for the day, a gain of 0.44% for the day session. The total traded volume was 2,461,836. The stocks close on the previous trading day was $64.02.
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.