KeyBanc Remains a Buy on American Electric Power

By Ryan Adsit

In a report released today, Paul Ridzon from KeyBanc maintained a Buy rating on American Electric Power (NYSE: AEP), with a price target of $73. The company’s shares closed yesterday at $70.24.

According to TipRanks.com, Ridzon is a 4-star analyst with an average return of 11.3% and a 82.8% success rate. Ridzon covers the Utilities sector, focusing on stocks such as Mdu Resources Group Inc, NextEra Energy Inc, and Northwestern Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for American Electric Power with a $74 average price target.

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American Electric Power’s market cap is currently $34.59B and has a P/E ratio of 19.57. The company has a Price to Book ratio of 1.87.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AEP in relation to earlier this year.

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.