American Electric Power (AEP) Gets a Buy Rating from Morgan Stanley

By Austin Angelo

Morgan Stanley analyst Stephen Byrd maintained a Buy rating on American Electric Power (NYSE: AEP) today and set a price target of $80. The company’s shares closed yesterday at $73.40.

According to TipRanks.com, Byrd is a 3-star analyst with an average return of 2.7% and a 61.4% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Nextera Energy Partners, and Edison International.

Currently, the analyst consensus on American Electric Power is a Strong Buy with an average price target of $76.36, a 4.0% upside from current levels. In a report released yesterday, Guggenheim also upgraded the stock to Buy with a $77 price target.

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American Electric Power’s market cap is currently $39.15B and has a P/E ratio of 18.82. The company has a Price to Book ratio of 2.09.

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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.