Morgan Stanley (NYSE:MS) analyst Stephen Byrd maintained a Buy rating on American Electric Power on Friday, setting a price target of $108, which is approximately 25.61% above the present share price of $85.98.
Byrd expects American Electric Power to post earnings per share (EPS) of $1.16 for the third quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in American Electric Power, with an average price target of $96.33.
The analysts price targets range from a high of $108 to a low of $81.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $3.83 billion and a net profit of $809.9 million. The company's market cap is $43.01 billion.
According to TipRanks.com, Morgan Stanley analyst Stephen Byrd is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 9.4% and a 60.14% success rate.
American Electric Power Company (NASDAQ:AEP), Inc. is a public utility holding company. It primarily engages in generating, transmitting and distributing electricity. With approximately 5.5 million customers across 11 states, it is one of the largest integrated utility companies in the United States.