PPL Corp. Stock Rating Upgraded by Barclays (PPL)
PPL Corp. (NYSE:PPL) was upgraded by stock analysts at Barclays to an “overweight” rating in a report issued on Monday, American Banking & Market News reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. upgraded shares of PPL Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Friday. Separately, analysts at Atlantic Securities initiated coverage on shares of PPL Corp. in a research note to investors on Thursday, November 7th. They set an “overweight” rating and a $30.68 price target on the stock. Finally, analysts at Jefferies Group cut their price target on shares of PPL Corp. from $34.00 to $33.00 in a research note to investors on Friday, November 1st. They now have a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $31.92.
Shares of PPL Corp. (NYSE:PPL) opened at 29.62 on Monday. PPL Corp. has a 52 week low of $28.44 and a 52 week high of $33.55. The stock has a 50-day moving average of $30.07 and a 200-day moving average of $30.44. The company has a market cap of $18.668 billion and a P/E ratio of 11.84.
PPL Corp. (NYSE:PPL) last issued its quarterly 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. Analysts expect that PPL Corp. will post $2.35 EPS for the current fiscal year.
PPL Corporation (NYSE:PPL) is an energy and utility holding company.
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