Jefferies Reaffirms Their Hold Rating on American Electric Power

By Austin Angelo

Jefferies analyst Anthony Crowdell reiterated a Hold rating on American Electric Power (NYSE: AEP) today and set a price target of $70. The company’s shares closed yesterday at $68.36.

According to TipRanks.com, Crowdell is a 4-star analyst with an average return of 6.4% and a 72.9% success rate. Crowdell covers the Utilities sector, focusing on stocks such as Public Service Enterprise, El Paso Electric Company, and Edison International.

American Electric Power has an analyst consensus of Moderate Buy, with a price target consensus of $70.

The company has a one year high of $72.97 and a one year low of $57.89. Currently, American Electric Power has an average volume of 2.49M.

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.