Jefferies Maintains a 'Hold' on American Electric Power (AEP); Guiding Lite
AEP Hot Sheet
Rating Summary:1 Buy, 12 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 20 | Down: 11 | New: 38
Jefferies maintains a 'Hold' on American Electric Power (NYSE: AEP) price target raised $1 to $40.
Jefferies analyst said, "The plan to spin-off the company’s Ohio generating assets to an unregulated subsidiary would transform AEP’s business mix from fully regulated today to 75% regulated and 25% commodity beginning in 2015. As with other merchant integrated companies we would value the regulated utility business on a P/E basis and use EV/EBITDA on the company’s merchant operations. Using our revised valuation we believe that the company is fairly valued at current levels."
For an analyst ratings summary and ratings history on American Electric Power click here. For more ratings news on American Electric Power click here.
Shares of American Electric Power closed at $39.95 yesterday, with a 52 week range of $33.09-$41.98.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
Jefferies analyst said, "The plan to spin-off the company’s Ohio generating assets to an unregulated subsidiary would transform AEP’s business mix from fully regulated today to 75% regulated and 25% commodity beginning in 2015. As with other merchant integrated companies we would value the regulated utility business on a P/E basis and use EV/EBITDA on the company’s merchant operations. Using our revised valuation we believe that the company is fairly valued at current levels."
For an analyst ratings summary and ratings history on American Electric Power click here. For more ratings news on American Electric Power click here.
Shares of American Electric Power closed at $39.95 yesterday, with a 52 week range of $33.09-$41.98.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
You May Also Be Interested In
- Barclays Maintains an 'Equalweight' on J. C. Penney (JCP); Slashing PT on Disappointing Results
- Auriga Reiterates a 'Buy' on DSW Inc. (DSW); Raising Estimates and PT After Great Q1
- Canaccord Genuity Reiterates a 'Buy' on Analog Devices (ADI); Delivering Upside
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
