American Electric (NYSE:AEP) stock price target reduced to $67.00, issued a research note today by RBC Capital
- Updated: October 12, 2016
In a report released on 10/13/2016 RBC Capital reduced the stock price target of American Electric (NYSE:AEP) from $72.00 to $67.00 reporting a possible upside of 0.08%.
Previously on 10/04/2016, Citigroup released a statement for American Electric (NYSE:AEP) dropped the target price from $69.00 to $66.00 that suggested an upside of 0.06%.
Yesterday American Electric (NYSE:AEP) traded 1.08% higher at $62.00. AEP’s 50-day average is $64.51 and its two hundred day average is $66.10. With the last close down -6.20% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 2,648,442 shares of the stock were exchanged, up from an average trading volume of 2,472,310
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American Electric has a price-earnings ratio of 15.30 with a one year low of $53.30 and a one year high of $71.32 AEP’s total market value is presently $0.
A total of 19 equity analysts have released a ratings update on AEP. 6 analysts rating the company a strong buy, eight brokers rating the stock a buy, 7 brokerages rating the company a hold, zero brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell with a consensus target price of $67.82.
About American Electric (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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