PPL Corp [PPL] stock prices are up 0.45% to $33.23 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The PPL shares have gain 2.03% over the last week, with a monthly amount glided 4.14%, 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 September 20, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $38. Previously, Argus upgraded its rating to Buy on March 08, 2024, and kept the price target unchanged to $30. On October 04, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $25 on the stock. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $26 on August 23, 2023. Morgan Stanley upgraded its rating to a Overweight but $32 remained the price target by the analyst firm on December 15, 2022. Seaport Research Partners upgraded its rating to Buy for this stock on October 06, 2022, but kept the price target unchanged to $28.50. In a note dated August 15, 2022, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $29 to $33.
The stock price of PPL Corp [PPL] has been fluctuating between $22.20 and $33.14 over the past year. Currently, Wall Street analysts expect the stock to reach $31.96 within the next 12 months. PPL Corp [NYSE: PPL] shares were valued at $33.23 at the most recent close of the market. An investor can expect a potential drop of -3.82% based on the average PPL price forecast.
Analyzing the PPL fundamentals
The PPL Corp [NYSE:PPL] reported sales of 8.26B for trailing twelve months, representing a surge of 3.18%. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.06 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 1.15.
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 32.98 points at the first support level, and at 32.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.43, and for the 2nd resistance point, it is at 33.64.
Ratios To Look Out For
It’s worth pointing out that PPL Corp [NYSE:PPL]’s Current Ratio is 1.11. On the other hand, the Quick Ratio is 0.91, and the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 2.97, the price to book ratio is 1.74 and price to earnings (TTM) ratio is 29.26.
Transactions by insiders
Recent insider trading involved Henninger Tadd J, SVP-Finance and Treasurer, that happened on Aug 29 ’24 when 4782.0 shares were sold. Officer, Henninger Tadd J completed a deal on Aug 29 ’24 to buy 4782.0 shares. Meanwhile, SVP-Finance and Treasurer Henninger Tadd J sold 13330.0 shares on Nov 16 ’23.
