Texas (May 19, 2013) Wax Ink has issued a No Investment Interest rating for American Electric Power Company, Inc. (NYSE: AEP) based on a recent baseline equity review which placed fair value between $51-$58.
The recent close of $49.64 is approximately 61% above the fair value buy target for the stock and approximately 22% below the fair value close target for the stock. The recent close is also 4% below analysts’ $51.50 median target for the stock.
The recent close represents a 0% increase in price since the last baseline equity review was conducted in May 2013.
The stock currently has a trailing twelve-month PE Ratio of 8, and a PEG Ratio of 2.5 basis estimated forward earnings growth of 3%.
In the past 52 weeks, share prices have moved between a high of $51.60 and a low of $37.62, placing equilibrium at $46.62.
With the recent close, the stock is trading 4% below the 52 week high, 24% above the 52 week low, 6% above equilibrium, on an average daily trading volume of 2.24 million shares.
American Electric Power Company, Inc.is a public utility holding company, engaged in the generation, transmission, and distribution of electric power to retail customers.
All valuations are based on the listed company’s most recent SEC annual filing, and all prices are per share.
Wax Ink currently has no investment position in the company mentioned in this alert.
Wax Ink is a baseline equity research company comprised of individual investors, NOT licensed or registered with ANY government agency.
Copyright © 2013 Wax Ink
Powered by Facebook Comments