PPL Given Average Rating of “Buy” by Analysts (NYSE:PPL)
PPL (NYSE:PPL) has been given a consensus rating of “Buy” by the sixteen ratings firms that are currently covering the company, AnalystRatings.Net reports. Five research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $35.44.
PPL has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of PPL in a research note on Monday, August 4th. They now have a $35.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of PPL from $34.00 to $35.00 in a research note on Monday, August 4th. Finally, analysts at Barclays reiterated an “overweight” rating on shares of PPL in a research note on Friday, August 1st. They now have a $40.00 price target on the stock, up previously from $38.00.
Shares of PPL (NYSE:PPL) opened at 33.00 on Tuesday. PPL has a one year low of $28.95 and a one year high of $35.56. The stock has a 50-day moving average of $33.83 and a 200-day moving average of $32.97. The company has a market cap of $21.925 billion and a P/E ratio of 24.65.
PPL (NYSE:PPL) last released its earnings data on Thursday, July 31st. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.44 by $0.09. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was down 16.7% on a year-over-year basis. Analysts expect that PPL will post $2.26 EPS for the current fiscal year.
PPL Corporation (NYSE:PPL) is an energy and utility holding company.
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