RBC Capital analyst Shelby Tucker maintained a Buy rating on American Electric Power Company (NYSE:AEP) on Wednesday, setting a price target of $92, which is approximately 5.07% above the present share price of $87.56.
Tucker expects American Electric Power Company to post earnings per share (EPS) of $1.00 for the third quarter of 2020.
The current consensus among 9 TipRanks analysts is for a Strong Buy rating of shares in American Electric Power, with an average price target of $92.5.
The analysts price targets range from a high of $100 to a low of $80.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $3.75 billion and a net profit of $751.6 million. The company's market cap is $44.25 billion.
According to TipRanks.com, RBC Capital analyst Shelby Tucker is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 6.4% and a 68.23% success rate.
American Electric Power Co., Inc. is a public utility holding company that engages in the business of generation, transmission and distribution of electricity. It operates through the following segments: Vertically Integrated Utilities, Transmission & Distribution Utilities, AEP Transmission Holdco and Generation & Marketing. The Vertically Integrated Utilities segment engages in the generation, transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by its subsidiaries. The Transmission & Distribution Utilities segment engages in the business of transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by its subsidiaries. The AEP Transmission Holdco segment engages in the development, construction and operation of transmission facilities through investments in its wholly-owned transmission subsidiaries and joint ventures. The Generation & Marketing segment engages in non-regulated generation and marketing, risk management, and retail activities. The company was founded on December 20, 1906 and is headquartered in Columbus, OH.