Barclays has revised its price target for American Electric Power (AEP, Financial), raising it from $95 to $106, while maintaining an Equal Weight rating on the stock. This adjustment comes as the firm updates its models for the utilities and power sector in anticipation of the first quarter earnings. The new price target reflects current macroeconomic trends and the latest perspectives on U.S. utilities tariff expectations.
The utilities sector is expected to experience continued re-rating on an absolute basis, benefiting from its defensive attributes, which appeal to investors seeking stability during uncertain times. This update signals confidence in the sector's resilience and potential for steady performance.
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 upside of 0.06% from the current price of $105.53. 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 5.16% from the current price of $105.53. 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.
