PPL Corp [PPL] stock is trading at $27.28, down -0.73%. 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 2.02%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 2, April 2024, PPL Corporation subsidiary Rhode Island Energy receives regulatory approval for planned spending to strengthen network safety, reliability and resilience. In a post published today on Yahoo Finance, PPL Corporation (NYSE: PPL) subsidiary Rhode Island Energy (RIE) on Thursday (3/28) received unanimous approval from the Rhode Island Public Utilities Commission (RIPUC) for approximately $326 million in planned spending from April 1, 2024, to March 31, 2025, to improve the safety and reliability of Rhode Island’s electric and gas networks.
From an analyst’s perspective:
PPL Corp [NYSE: PPL] stock has seen the most recent analyst activity on March 08, 2024, when Argus upgraded its rating to a Buy but kept the price target unchanged to $30 for it. Previously, UBS downgraded its rating to Neutral on October 04, 2023, and dropped its price target to $25. On August 23, 2023, Barclays initiated with a Equal Weight rating and assigned a price target of $26 on the stock. Morgan Stanley upgraded its rating to a Overweight but stick to its price target of $32 on December 15, 2022. Seaport Research Partners upgraded its rating to a Buy but $28.50 remained the price target by the analyst firm on October 06, 2022. BofA Securities upgraded its rating to Buy for this stock on August 15, 2022, and upped its price target to $33. In a note dated July 07, 2022, Evercore ISI upgraded an Outperform rating on this stock but restated the target price of $30.
PPL Corp [PPL] stock has fluctuated between $22.20 and $29.03 over the past year. Currently, Wall Street analysts expect the stock to reach $30.41 within the next 12 months. PPL Corp [NYSE: PPL] shares were valued at $27.28 at the most recent close of the market. An investor can expect a potential return of 11.47% based on the average PPL price forecast.
Analyzing the PPL fundamentals
PPL Corp [NYSE:PPL] reported sales of 8.31B for the trailing twelve months, which represents a drop of -11.31%. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.05 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.12.
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 27.18 points at the first support level, and at 27.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.48, and for the 2nd resistance point, it is at 27.68.
PPL Corp [PPL] reported earnings per share of $0.4 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.38/share, meaning a difference of $0.02 and a surprise factor of 5.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.43 per share as compared to estimates of $0.42 per share, a difference of $0.01 representing a surprise of 2.40%.
Ratios To Look Out For
For context, PPL Corp’s Current Ratio is 0.88. As well, the Quick Ratio is 0.73, while the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 2.42, the price to book ratio is 1.44 and price to earnings (TTM) ratio is 27.24.
Transactions by insiders
Recent insider trading involved Henninger Tadd J, SVP-Finance and Treasurer, that happened on Nov 16 ’23 when 13330.0 shares were sold. President of a PPL Subsidiary, Crockett John R III completed a deal on Apr 05 ’23 to sell 5500.0 shares.
