American Electric Power Gets a Hold Rating from RBC Capital

By Austin Angelo

In a report issued on July 31, Shelby Tucker from RBC Capital reiterated a Hold rating on American Electric Power (NYSE: AEP), with a price target of $71. The company’s shares closed yesterday at $70.62, close to its 52-week high of $72.97.

According to TipRanks.com, Tucker is a 5-star analyst with an average return of 7.8% and a 78.9% success rate. Tucker covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Public Service Enterprise, and Nextera Energy Partners.

Currently, the analyst consensus on American Electric Power is Moderate Buy and the average price target is $73, representing a 3.4% upside.

In a report issued on July 19, Jefferies also reiterated a Hold rating on the stock with a $70 price target.

American Electric Power’s market cap is currently $34.69B and has a P/E ratio of 60.80. The company has a book value ratio of 1.9487.

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is neutral on the stock.

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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 and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing.