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American Electric Power Company AEP (NYSE:AEP) target price raised to $72.50, issued a ratings update today by Mizuho Securities

In a report released on Thursday April 20, 2017 Mizuho Securities increased the price target of American Electric Power Company AEP (NYSE:AEP) to $72.50 indicating a possible upside of 0.08%.

Yesterday American Electric Power Company AEP (NYSE:AEP) traded -0.44% lower at $67.39. The company’s 50-day moving average is $66.91 and its 200-day moving average is $63.59. The last stock close price is up 6.05% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 2,518,348 shares of the stock were exchanged, up from an average trading volume of 2,312,240

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American Electric Power Company AEP (NYSE:AEP)

American Electric Power Company AEP has a 52 week low of $57.89 and a 52 week high of $71.32 with a P/E ratio of 54.26 The company’s market cap is currently $0.

In addition to Mizuho Securities reporting its target price, a total of 19 firms have reported on the stock. The consensus target price is $67.82 with 6 firms rating the stock a strong buy, 8 firms rating the stock a buy, 7 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About American Electric Power Company AEP (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 service areas of the Company's public utility subsidiaries cover the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. 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.

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