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.
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.
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.