American Electric Power Co Inc (NASDAQ: AEP) has reported earnings for its first fiscal quarter (ending March 31) of $1.91 versus $0.77 for the same period a year ago — an increase of 148%. This result exceeded the consensus estimate of $1.41 by $0.50. For the latest four quarters through March 31, E.P.S. were $5.39 versus $3.87 for the same period a year ago — an increase of 39%.
Recent Price Action
American Electric Power Co Inc (NASDAQ: AEP) stock declined slightly by -0.7% on 4/30/24. The stock closed at $86.03. Moreover, unusually high trading volume at 152% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has risen 1.3% during the last week.
Current PriceTarget Research Rating
AEP is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
American Electric Power has a current Value Trend Rating of C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. American Electric Power has a slightly positive Appreciation Score of 67 and a neutral Power Rating of 50, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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