American Electric Power Co Inc (NASDAQ: AEP) has reported earnings for its third fiscal quarter (ending September 30) of $1.80 versus $1.83 for the same period a year ago — a decline of -2%. For the latest four quarters through September 30, E.P.S. were $4.99 versus $4.37 for the same period a year ago — an increase of 14%.
Recent Price Action
American Electric Power Co Inc (NASDAQ: AEP) stock declined by -4.1% on 11/6/24. The shares closed at $96.25. Moreover, this decline was accompanied by exceptionally high trading volume at 230% of normal. The stock has declined -1.2% during the last week but has been exceptionally strong relative to the market over the last nine months.
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 A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. American Electric Power has a slightly positive Appreciation Score of 66 and a good Power Rating of 85, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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