PPL Corp [PPL] stock prices are up 1.37% to $28.91 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PPL shares have gain 3.55% over the last week, with a monthly amount glided 7.39%, and seem to be holding up well over a long-time horizon.
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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.
The stock price of PPL Corp [PPL] has been fluctuating between $22.20 and $28.92 over the past year. Currently, Wall Street analysts expect the stock to reach $30.5 within the next 12 months. PPL Corp [NYSE: PPL] shares were valued at $28.91 at the most recent close of the market. An investor can expect a potential return of 5.5% based on the average PPL price forecast.
Analyzing the PPL fundamentals
The PPL Corp [NYSE:PPL] reported sales of 8.20B for trailing twelve months, representing a drop of -4.60%. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.12%, 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.14.
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 28.63 points at the first support level, and at 28.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.07, and for the 2nd resistance point, it is at 29.23.
Ratios To Look Out For
It’s worth pointing out that PPL Corp [NYSE:PPL]’s Current Ratio is 1.28. Also, the Quick Ratio is 1.08, while the Cash Ratio stands at 0.14. Considering the valuation of this stock, the price to sales ratio is 2.60, the price to book ratio is 1.52 and price to earnings (TTM) ratio is 28.02.
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.
