A statement released earlier today by Citigroup about American Electric Power Company Inc. (NYSE:AEP) bumps down the target price to $66.00
- Updated: October 4, 2016
Citigroup bumped down the target of American Electric Power Company Inc. (NYSE:AEP) to $66.00 stating a potential upside of 0.06%.
On 9/26/2016, Suntrust Robinson released a statement on American Electric Power Company Inc. (NYSE:AEP) bumped up the target price from $74.00 to $76.00 that suggested an upside of 0.14%.
Boasting a price of $62.34, American Electric Power Company Inc. (NYSE:AEP) traded -2.03% lower on the day. With the last close down -6.09% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. American Electric Power Company Inc. has recorded a 50-day average of $65.41 and a two hundred day average of $66.26. Volume of trade was down over the average, with 1,973,722 shares of AEP changing hands under the typical 2,434,990
With a total market value of $0, American Electric Power Company Inc. has price-earnings ratio of 15.36 with a one year low of $53.30 and a one year high of $71.32 .
A total of 19 equity analysts have released a research note on AEP. 6 analysts rating the company a strong buy, eight brokers rating the stock a buy, 7 brokerages rating the stock a hold, 0 firms rating the stock a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $67.82.
Brief Synopsis About American Electric Power Company Inc. (NYSE:AEP)
American Electric Power Company, Inc. (AEP) is a public utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The Company's segments include Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing. AEP's vertically integrated utility operations are engaged in the generation, transmission and distribution of electricity for sale to retail and wholesale customers. Transmission and Distribution Utilities segment consists of the transmission and distribution of electricity for sale to retail and wholesale customers. AEP Transmission Holdco develops, constructs and operates transmission facilities. Generation & Marketing segment's subsidiaries consist of nonutility generating assets, a wholesale energy trading and marketing business and a retail supply and energy management business.
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