BMO Capital Reaffirms Their Buy Rating on American Electric Power

By Ryan Adsit

BMO Capital analyst Michael Worms reiterated a Buy rating on American Electric Power (NYSE: AEP) on July 27 and set a price target of $75. The company’s shares closed yesterday at $70.43.

According to TipRanks.com, Worms is a 5-star analyst with an average return of 13.7% and a 92.7% success rate. Worms covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Public Service Enterprise, and Nextera Energy Partners.

American Electric Power has an analyst consensus of Moderate Buy, with a price target consensus of $70.67.

American Electric Power’s market cap is currently $34.63B and has a P/E ratio of 49.33. The company has a book value ratio of 1.9580.

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

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.