A share price of American Electric Power Company Inc. [AEP] is currently trading at $84.80, up 2.81%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AEP shares have gain 2.35% over the last week, with a monthly amount glided 0.87%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 March 11, 2024, when UBS downgraded its rating to a Sell and also revised its price target to $83 from $86. Previously, Ladenburg Thalmann downgraded its rating to Sell on March 08, 2024, and dropped its price target to $73. On February 28, 2024, downgrade downgraded it’s rating to Equal Weight and revised its price target to $83 on the stock. Guggenheim downgraded its rating to a Neutral but stick to its price target of $81 on January 22, 2024. Mizuho downgraded its rating to a Neutral but $83 remained the price target by the analyst firm on January 11, 2024. Ladenburg Thalmann upgraded its rating to Neutral for this stock on September 13, 2023. In a note dated August 23, 2023, Barclays initiated an Overweight rating and provided a target price of $88 on this stock.
American Electric Power Company Inc. experienced fluctuations in its stock price throughout the past year between $69.38 and $96.05. 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 $84.80 at the most recent close of the market. An investor can expect a potential return of 21.98% based on the average AEP price forecast.
Analyzing the AEP fundamentals
Trailing Twelve Months sales for American Electric Power Company Inc. [NASDAQ:AEP] were 19.38B which represents -5.26% decline. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.09 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.73.
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 83.45 points at the first support level, and at 82.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 85.49, and for the 2nd resistance point, it is at 86.18.
Ratios To Look Out For
To put it in perspective, the Current Ratio for American Electric Power Company Inc. [NASDAQ:AEP] is 0.53. In addition, the Quick Ratio stands at 0.36 and the Cash Ratio stands at 0.03. Considering the valuation of this stock, the price to sales ratio is 2.30, the price to book ratio is 1.77 and price to earnings (TTM) ratio is 19.96.
Transactions by insiders
Recent insider trading involved Akins Nicholas K, Executive Chair, that happened on May 02 ’23 when 10491.0 shares were sold. Executive Vice President, Feinberg David Matthew completed a deal on May 02 ’23 to sell 1616.0 shares. Meanwhile, Executive Vice President Beam Christian T sold 513.0 shares on May 02 ’23.
