RBC Capital Reiterates a Hold Rating on American Electric Power

By Carrie Williams

In a report released yesterday, 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 on Friday at $73.54, close to its 52-week high of $74.29.

According to TipRanks.com, Tucker is a 5-star analyst with an average return of 8.5% and a 79.1% success rate. Tucker covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Chesapeake Utilities Corp, and Public Service Enterprise.

Currently, the analyst consensus on American Electric Power is Moderate Buy and the average price target is $73, representing a -0.7% downside.

In a report issued on August 30, Jefferies also reiterated a Hold rating on the stock with a $73 price target.

The company has a one year high of $74.29 and a one year low of $57.89. Currently, American Electric Power has an average volume of 2.43M.

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.