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American Electric Power (AEP) Stock Forecast & Price Target

American Electric Power logo
$96.25 -4.15 (-4.13%)
(As of 11/6/2024 ET)

American Electric Power - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
2
Hold
6
Buy
6

Based on 14 Wall Street analysts who have issued ratings for American Electric Power in the last 12 months, the stock has a consensus rating of "Hold." Out of the 14 analysts, 2 have given a sell rating, 6 have given a hold rating, and 6 have given a buy rating for AEP.

Consensus Price Target

$98.43
2.26% Upside
According to the 14 analysts' twelve-month price targets for American Electric Power, the average price target is $98.43. The highest price target for AEP is $114.00, while the lowest price target for AEP is $83.00. The average price target represents a forecasted upside of 2.26% from the current price of $96.25.
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AEP Analyst Ratings Over Time

TypeCurrent Forecast
11/8/23 to 11/7/24
1 Month Ago
10/9/23 to 10/8/24
3 Months Ago
8/10/23 to 8/9/24
1 Year Ago
11/8/22 to 11/8/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
6 Buy rating(s)
6 Buy rating(s)
9 Buy rating(s)
Hold
6 Hold rating(s)
6 Hold rating(s)
5 Hold rating(s)
5 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$98.43$96.79$93.38$91.37
Forecasted Upside2.26% Upside-1.44% Downside-4.25% Downside16.91% Upside
Consensus Rating
Hold
Hold
Hold
Moderate Buy

AEP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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AEP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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American Electric Power Stock vs. The Competition

TypeAmerican Electric PowerUtilities CompaniesS&P 500
Consensus Rating Score
2.29
2.50
2.50
Consensus RatingHoldModerate BuyHold
Predicted Upside2.26% Upside18.83% Upside7.32% Upside
News Sentiment Rating
Positive News

See Recent AEP News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/18/2024JPMorgan Chase & Co.
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$108.00 ➝ $112.00+11.44%
10/16/2024Wells Fargo & Company
3 of 5 stars
 Boost TargetEqual Weight ➝ Equal Weight$98.00 ➝ $104.00+3.32%
10/15/2024Barclays
3 of 5 stars
 Boost TargetEqual Weight ➝ Equal Weight$96.00 ➝ $100.00+0.02%
10/3/2024BMO Capital Markets
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 Boost TargetOutperform ➝ Outperform$109.00 ➝ $114.00+11.52%
9/25/2024Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$102.00 ➝ $108.00+6.28%
9/20/2024Jefferies Financial Group
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 Initiated CoverageHold$107.00+5.17%
8/29/2024Bank of America
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 Boost TargetUnderperform ➝ Underperform$97.00 ➝ $98.00-1.03%
8/20/2024Scotiabank
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 Boost TargetSector Outperform ➝ Sector Outperform$99.00 ➝ $108.00+10.72%
7/22/2024Guggenheim
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 Boost TargetNeutral ➝ Neutral$81.00 ➝ $83.00-12.30%
6/6/2024LADENBURG THALM/SH SH
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P. Fremont
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UpgradeSell ➝ Neutral$73.00 ➝ $86.00-3.32%
5/3/2024Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$90.00 ➝ $100.00+13.51%
3/11/2024UBS Group
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 DowngradeNeutral ➝ Sell$86.00 ➝ $83.00-1.00%
2/27/2024Cfra
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 Reiterated RatingBuy ➝ Buy$90.00 ➝ $92.00+10.18%
1/11/2024Mizuho
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 DowngradeBuy ➝ Neutral$83.00+0.56%
6/7/2023The Goldman Sachs Group
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 Initiated CoverageBuy$98.00+15.87%
4/17/2023Citigroup
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 Boost TargetNeutral$99.00 ➝ $100.00+7.19%
12/16/2022Credit Suisse Group
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 Boost TargetOutperform$87.00 ➝ $100.00+7.58%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 02:32 AM ET.


AEP Forecast - Frequently Asked Questions

According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for American Electric Power is $98.43, with a high forecast of $114.00 and a low forecast of $83.00.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for American Electric Power in the last year. There are currently 2 sell ratings, 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" AEP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AEP, but not buy additional shares or sell existing shares.

According to analysts, American Electric Power's stock has a predicted upside of 2.26% based on their 12-month stock forecasts.

American Electric Power has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Scotiabank, and Wells Fargo & Company in the past 90 days.

Analysts like American Electric Power less than other "utilities" companies. The consensus rating for American Electric Power is Hold while the average consensus rating for "utilities" companies is Moderate Buy. Learn more on how AEP compares to other companies.


This page (NASDAQ:AEP) was last updated on 11/7/2024 by MarketBeat.com Staff
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