uploads///AEP anr

What’s Next for American Electric Power Stock?

By

Mar. 9 2018, Updated 10:30 a.m. ET

American Electric Power

Among the total 18 analysts covering American Electric Power (AEP), seven recommend it as a “hold,” seven recommend it as a “buy,” four recommend it as a “strong buy,” and none recommend it as a “sell” as of March 7.

According to Wall Street analysts’ consensus, American Electric Power stock has a mean target price of $74.7—compared to its current market price of $69.7. The target price indicates a potential upside of more than 7% for the next 12 months.

Article continues below advertisement

Peer price target

AEP’s peer and the second-biggest regulated utility, Southern Company (SO), has a mean price target of $46.1 against its current market price of $44.1, which indicates a potential upside of more than 4% in a year.

SunTrust Robinson Humphrey cut SO’s price target from $46.0 to $45.0 on March 5.

PPL Corporation‘s (PPL) stock offers a decent potential gain of 22% for the next 12 months. Wall Street analysts have given it a mean price target of $33.8 against its current market price of $27.7.

On March 6, RBC raised PPL’s rating from “sector perform” to “outperform.”

If you want to read about S&P 500 utilities (XLU) offering attractive potential gains for the next 12 months, see S&P 500 Utilities Stocks with the Highest Potential Upside.

Advertisement

More From Market Realist

  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.