In a report released yesterday, Eric Beaumont from Barclays maintained a Buy rating on American Electric Power (AEP), with a price target of $98.00. The company’s shares closed last Tuesday at $78.70.
According to TipRanks.com, Beaumont is a 3-star analyst with an average return of 2.6% and a 57.5% success rate. Beaumont covers the Utilities sector, focusing on stocks such as Public Service Enterprise, Pinnacle West Capital, and Edison International.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for American Electric Power with a $96.17 average price target, implying a 21.0% upside from current levels. In a report issued on April 28, RBC Capital also maintained a Buy rating on the stock with a $92.00 price target.
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American Electric Power’s market cap is currently $39.24B and has a P/E ratio of 21.50. The company has a Price to Book ratio of 2.01.
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AEP in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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. The Vertically Integrated Utilities segment engages in the generation, transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by its subsidiaries. The Transmission & Distribution Utilities segment engages in the business of transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by its subsidiaries. The AEP Transmission Holdco segment engages in the development, construction and operation of transmission facilities through investments in its wholly-owned transmission subsidiaries and joint ventures. The Generation & Marketing segment engages in non-regulated generation and marketing, risk management, and retail activities. The company was founded on December 20, 1906 and is headquartered in Columbus, OH.
