In a report issued on August 13, Paul Ridzon from KeyBanc reiterated a Buy rating on American Electric Power (NYSE: AEP), with a price target of $75. The company’s shares opened today at $71.77.
According to TipRanks.com, Ridzon is a 4-star analyst with an average return of 12.1% and a 88.4% success rate. Ridzon covers the Utilities sector, focusing on stocks such as Mdu Resources Group Inc, NextEra Energy Inc, and Northwestern Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for American Electric Power with a $75.10 average price target.
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The company has a one-year high of $78.07 and a one-year low of $62.71. Currently, American Electric Power has an average volume of 2.99M.
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American Electric Power Co., Inc. is a public utility holding company that engages in the business of generation, transmission and distribution of electricity. It operates through the following segments: Vertically Integrated Utilities, Transmission & Distribution Utilities, AEP Transmission Holdco and Generation & Marketing.
