Jefferies Remains a Hold on American Electric Power

By Jason Carr

Jefferies analyst Anthony Crowdell reiterated a Hold rating on American Electric Power (NYSE: AEP) yesterday and set a price target of $73. The company’s shares opened today at $70.29.

According to TipRanks.com, Crowdell is a 4-star analyst with an average return of 6.3% and a 72.6% success rate. Crowdell covers the Utilities sector, focusing on stocks such as Public Service Enterprise, El Paso Electric Company, and Edison International.

Currently, the analyst consensus on American Electric Power is Moderate Buy and the average price target is $74.17, representing a 5.5% upside.

In a report issued on September 22, Mizuho Securities also downgraded the stock to Hold with a $73 price target.

American Electric Power’s market cap is currently $34.64B and has a P/E ratio of 60.64. The company has a book value ratio of 1.9434.

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