PPL Corporation (PPL) stock price forecast predicts $29.92 value

Currently, PPL Corporation [PPL] is trading at $25.67, up 0.04%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PPL shares have gain 2.56% over the last week, with a monthly amount glided 2.07%, and seem to be holding up well over a long-time horizon.

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On 11, September 2023, Rhode Island Energy Financial Statements Now Available on PPL Corporation’s Website. In a post published today on Yahoo Finance, PPL Corporation (NYSE: PPL) today announced that it has published three years of audited annual financial statements for The Narragansett Electric Company, a PPL subsidiary doing business as Rhode Island Energy (RIE).

From an analyst’s perspective:

PPL Corporation [NYSE: PPL] stock has seen the most recent analyst activity on August 23, 2023, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $26.

This stock has fluctuated between a low of $23.47 and a high of $31.74 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $29.92 within the next 12 months. PPL Corporation [NYSE: PPL] shares were valued at $25.67 at the most recent close of the market. An investor can expect a potential return of 16.56% based on the average PPL price forecast.

Analyzing the PPL fundamentals

Recent quarter sales for PPL Corporation [NYSE:PPL] were 1.82 billion which represents 7.50% growth. A company’s income per employee is $109,239 while it generates $1,210,663 in revenue per employee. Gross Margin for this corporation currently stands at +21.83% with Operating Margin at +17.63%, Pretax Margin comes in at +11.58%, and Net Margin reading is +9.02%. To continue investigating profitability, this company’s Return on Assets is posted at 2.01, Equity is 5.16, Total Capital is 5.24, and Invested Capital is 2.78. An extended look at the Principal structure reveals enduring liabilities to the total capital of 50.67 and enduring liabilities to assets of 37.77.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 25.47 points at the first support level, and at 25.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.80, and for the 2nd resistance point, it is at 25.93.

PPL Corporation [PPL] reported earnings per share of $0.29 for its fiscal quarter that ended on 6/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.32/share, meaning a difference of -$0.03 and a surprise factor of -9.40%. By comparison, the stated earnings for the previous quarter ended on 3/30/2023 were $0.48 per share as compared to estimates of $0.46 per share, a difference of $0.02 representing a surprise of 4.30%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for PPL Corporation [NYSE:PPL] is 1.10. As well, the Quick Ratio is 0.63, while the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 2.72, the price to book ratio is 1.55 and the P/E (TTM) ratio is 26.33.

Transactions by insiders

Recent insider trading involved Crockett John R III, President of a PPL Subsidiary, that happened on Apr 05 when 5500.0 shares were sold. President of a PPL Subsidiary, Bonenberger David J completed a deal on Jan 24 to sell 719.0 shares. Meanwhile, President of a PPL Subsidiary Bonenberger David J sold 29080.0 shares on Jan 04.