American Electric Power Company (AEP) : Average target price received by American Electric Power Company (AEP) is $74.19 with an expected standard deviation of $3.23. The most aggressive target on the stock is $78, whereas the most downbeat target is $69. 8 financial analysts are currently covering the stock.
American Electric Power Company (AEP) : 6 brokerage houses believe that American Electric Power Company (AEP) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on American Electric Power Company (AEP). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 10 Wall Street Analysts endorse the stock as a Buy with a rating of 1.8.
Also, Equity analysts at the Brokerage firm UBS maintains its rating on American Electric Power Company (NYSE:AEP). The rating major has initiated the coverage with buy rating on the shares. The Analysts at UBS lowers the price target from $77 per share to $76 per share. The rating by the firm was issued on August 1, 2016.
American Electric Power Company (NYSE:AEP): The stock opened at $64.41 on Thursday but the bulls could not build on the opening and the stock topped out at $64.70 for the day. The stock traded down to $64.22 during the day, due to lack of any buying support eventually closed down at $64.41 with a loss of -0.25% for the day. The stock had closed at $64.57 on the previous day. The total traded volume was 2,030,777 shares.
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.