Morgan Stanley has increased its price target for American Electric Power (AEP, Financial) from $113 to $114, maintaining an Overweight rating on the stock. This adjustment is part of a broader update on price targets for Regulated & Diversified Utilities and Independent Power Producers (IPPs) in North America.
According to the firm, utilities outperformed the S&P in March, marking a positive trend for the sector. As the first quarter advances, Morgan Stanley indicates that this period will be relatively quiet in terms of significant financial updates. Instead, the focus could shift towards assessing tariff risks.
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 $106.93 with a high estimate of $116.00 and a low estimate of $95.00. The average target implies an downside of 1.13% from the current price of $108.15. 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 7.46% from the current price of $108.15. 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.
