American Electric Power Co Inc (NASDAQ: AEP) has reported earnings for its second fiscal quarter (ending June 30) of $0.64 versus $1.01 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $5.02 versus $3.86 for the same period a year ago.
Recent Price Action
On 7/30/24, American Electric Power Co Inc (NASDAQ: AEP) stock increased 1.1%, closing at $98.14. Moreover, trading volume in this advance was unusually high at 158% of normal. The stock has been strong relative to the market over the last nine months and has risen 4.0% during the last week.
Current PriceTarget Research Rating
AEP’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
American Electric Power has a current Value Trend Rating of B (Positive). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. American Electric Power has a slightly positive Appreciation Score of 66 and a slightly positive Power Rating of 68, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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