American Electric Power Company Inc. [AEP] stock prices are up 4.09% to $84.07 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AEP shares have gain 3.94% over the last week, with a monthly amount glided 8.00%, and seem to be holding up well over a long-time horizon.
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On 27, February 2024, AEP Completes Sale of New Mexico Solar Assets. In a post published today on Yahoo Finance, American Electric Power (Nasdaq: AEP) has completed the sale of its 50% interest in New Mexico Renewable Development, LLC (NMRD) to Exus North America Holdings, LLC (Exus). AEP nets approximately $104 million in cash after tax, transaction fees and other customary adjustments.
From an analyst’s perspective:
American Electric Power Company Inc. [NASDAQ: AEP] stock has seen the most recent analyst activity on January 22, 2024, when Guggenheim downgraded its rating to a Neutral but kept the price target unchanged to $81 for it. Previously, Mizuho downgraded its rating to Neutral on January 11, 2024, and kept the price target unchanged to $83. On September 13, 2023, upgrade upgraded it’s rating to Neutral. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $88 on August 23, 2023. Goldman initiated its recommendation with a Buy and recommended $98 as its price target on June 08, 2023. UBS downgraded its rating to Neutral for this stock on June 06, 2023, and downed its price target to $92. In a note dated April 03, 2023, Ladenburg Thalmann initiated an Sell rating and provided a target price of $82.50 on this stock.
The stock price of American Electric Power Company Inc. [AEP] has been fluctuating between $69.38 and $96.05 over the past year. Currently, Wall Street analysts expect the stock to reach $103.44 within the next 12 months. American Electric Power Company Inc. [NASDAQ: AEP] shares were valued at $84.07 at the most recent close of the market. An investor can expect a potential return of 23.04% based on the average AEP price forecast.
Analyzing the AEP fundamentals
The American Electric Power Company Inc. [NASDAQ:AEP] reported sales of 19.29B for trailing twelve months, representing a drop of -7.04%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 82.33 points at the first support level, and at 80.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 84.98, and for the 2nd resistance point, it is at 85.90.
American Electric Power Company Inc. [AEP] reported earnings per share of $1.23 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.26/share, meaning a difference of -$0.03 and a surprise factor of -2.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.77 per share as compared to estimates of $1.7 per share, a difference of $0.07 representing a surprise of 4.10%.
Ratios To Look Out For
It’s worth pointing out that American Electric Power Company Inc. [NASDAQ:AEP]’s Current Ratio is 0.60. As well, the Quick Ratio is 0.44, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 2.29, the price to book ratio is 1.75 and price to earnings (TTM) ratio is 19.32.
Transactions by insiders
Recent insider trading involved Akins Nicholas K, Executive Chair, that happened on May 02 when 10491.0 shares were sold. Executive Vice President, Feinberg David Matthew completed a deal on May 02 to sell 1616.0 shares. Meanwhile, Executive Vice President Beam Christian T sold 513.0 shares on May 02.
