How Analysts Rate American Electric following Its 4Q16 Earnings
According to Wall Street analysts, American Electric Power (AEP) has a mean price target of $67.08, which implies an estimated upside of 7% in the next year. It’s currently trading at $62.64.
Of the total 21 analysts tracking American Electric Power, four recommend it as a “strong buy,” eight recommend it as a “buy,” and nine recommend it as a “hold.” It’s important to note that no analysts have given AEP “sell” ratings as of January 27, 2017.
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NextEra Energy (NEE) is expected to rise 15% in the next year. According to analysts’ consensus estimate, NEE has a mean target price of $136.67, compared to its current market price of $118.75.
Duke Energy (DUK) is expected to rise just 3.3% in the next year. It has a mean target price $79.65, compared to its current market price of $77.12.
To learn more about how utilities may be positioned in 2017, read Hawkish Fed or Helpful Weather: What Will Drive Utilities in 2017?