BMO Capital has adjusted its price target for American Electric Power (AEP, Financial), increasing it to $115 from the previous $111, while maintaining an Outperform rating. This adjustment comes as AEP prepares to announce its first-quarter earnings.
The firm highlights that American Electric has achieved its equity requirements related to its current five-year strategic plan. Going forward, attention is expected to shift to several macroeconomic factors including tariff issues, industrial sales, and potential legislative changes concerning the Inflation Reduction Act (IRA). Additionally, there will be an updated focus on Direct Current Energy Savings Assistance and the company's $10 billion capital expenditure program.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for American Electric Power Co Inc (AEP, Financial) is $105.60 with a high estimate of $116.00 and a low estimate of $95.00. The average target implies an downside of 1.96% from the current price of $107.71. More detailed estimate data can be found on the American Electric Power Co Inc (AEP) Forecast page.
Based on the consensus recommendation from 21 brokerage firms, American Electric Power Co Inc's (AEP, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for American Electric Power Co Inc (AEP, Financial) in one year is $100.08, suggesting a downside of 7.08% from the current price of $107.71. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the American Electric Power Co Inc (AEP) Summary page.
