PPL Corp. Rating Increased to Market Perform at Wolfe Research (PPL)
PPL Corp. (NYSE:PPL) was upgraded by equities researchers at Wolfe Research from an “underperform” rating to a “market perform” rating in a research report issued on Friday, TheFlyOnTheWall.com reports.
Shares of PPL Corp. (NYSE:PPL) opened at 30.82 on Friday. PPL Corp. has a one year low of $27.74 and a one year high of $33.55. The stock’s 50-day moving average is $30.38 and its 200-day moving average is $30.78. The company has a market cap of $19.469 billion and a price-to-earnings ratio of 12.29.
PPL Corp. (NYSE:PPL) last released its earnings data on Thursday, October 31st. The company reported $0.66 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.68 by $0.02. The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 29.2% on a year-over-year basis. On average, analysts predict that PPL Corp. will post $2.34 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on PPL. Analysts at Zacks reiterated a “neutral” rating on shares of PPL Corp. in a research note to investors on Friday, October 25th. They now have a $32.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of PPL Corp. from $32.00 to $33.00 in a research note to investors on Monday, October 7th. They now have a “sector perform” rating on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of PPL Corp. from $33.00 to $32.50 in a research note to investors on Wednesday, October 2nd. They now have a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $32.15.
PPL Corporation (NYSE:PPL) is an energy and utility holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.