American Electric Power
Among the 18 analysts covering American Electric Power (AEP), six have recommended a “hold,” eight have recommended a “buy,” four have recommended a “strong buy,” and none have recommended a “sell.”
According to Wall Street analysts’ consensus, American Electric Power stock has a mean target price of $73.91, which compares to its current market price of $70.75. The target price indicates a potential upside of 4% for the next 12 months.
AEP is one of the largest utilities in the country and operates in 11 states. It has paid a cash dividend for more than 400 consecutive quarters.
Peer price targets
PPL (PPL) stock offers a potential gain of 10% for the next 12 months. Analysts have given it a mean price target of $31.40 against its current market price of $28.47.
Xcel Energy (XEL) stock offers an estimated upside of 4% considering analysts’ mean price target of $48.17. It’s currently trading at $46.39.