PPL Corp. PT Raised to $36.00 (PPL)
Research analysts at Barclays lifted their target price on shares of PPL Corp. (NYSE:PPL) from $34.00 to $36.00 in a report released on Tuesday, Stock Ratings Network reports. Barclays’ target price would indicate a potential upside of 14.21% from the company’s current price.
In other PPL Corp. news, Insider Victor Staffieri sold 45,350 shares of the stock on the open market in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $31.06, for a total value of $1,408,571.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of PPL Corp. (NYSE:PPL) opened at 31.52 on Tuesday. 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 $30.18 and a 200-day moving average of $30.40. The company has a market cap of $19.868 billion and a P/E ratio of 17.79.
PPL Corp. (NYSE:PPL) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.50 by $0.10. The company had revenue of $2.85 million for the quarter, compared to the consensus estimate of $2.44 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was down 11.6% on a year-over-year basis. On average, analysts predict that PPL Corp. will post $2.17 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.3725 per share. This represents a $1.49 annualized dividend and a dividend yield of 4.73%. The ex-dividend date is Thursday, March 6th. This is a boost from PPL Corp.’s previous quarterly dividend of $0.37.
PPL has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of PPL Corp. in a research note on Friday, February 7th. They now have a $32.00 price target on the stock. Separately, analysts at Jefferies Group upgraded shares of PPL Corp. from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. They now have a $34.00 price target on the stock, up previously from $33.00. Finally, analysts at Citigroup Inc. upgraded shares of PPL Corp. from a “neutral” rating to a “buy” rating in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $32.72.
PPL Corporation (NYSE:PPL) is an energy and utility holding company.
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