PPL (PPL) Rating Reiterated by SunTrust Banks
PPL (NYSE:PPL)‘s stock had its “buy” rating reaffirmed by equities research analysts at SunTrust Banks in a research report issued to clients and investors on Tuesday. They presently have a $42.00 target price on the utilities provider’s stock. SunTrust Banks’ price target would suggest a potential upside of 36.54% from the company’s current price.
PPL has been the subject of several other reports. Zacks Investment Research upgraded PPL from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Tuesday, December 12th. KeyCorp restated a “hold” rating on shares of PPL in a report on Friday, October 20th. ValuEngine upgraded PPL from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Macquarie cut PPL from a “neutral” rating to an “underperform” rating and set a $30.00 target price for the company. in a report on Tuesday, December 19th. Finally, Canaccord Genuity restated a “buy” rating and set a $48.00 target price on shares of PPL in a report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $39.61.
PPL (NYSE:PPL) traded down $0.37 on Tuesday, hitting $30.76. The stock had a trading volume of 5,773,900 shares, compared to its average volume of 3,512,205. PPL has a 1 year low of $30.75 and a 1 year high of $40.20. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.56 and a quick ratio of 0.48. The stock has a market cap of $21,240.00, a PE ratio of 13.92, a P/E/G ratio of 2.04 and a beta of 0.48.
PPL (NYSE:PPL) last posted its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. PPL had a return on equity of 15.30% and a net margin of 20.60%. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the business earned $0.63 EPS. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. research analysts expect that PPL will post 2.18 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PPL. Cutler Capital Management LLC bought a new position in PPL during the 3rd quarter valued at approximately $114,000. Green Square Capital LLC bought a new position in shares of PPL in the 3rd quarter worth approximately $215,000. Pinebridge Investments L.P. bought a new position in shares of PPL in the 2nd quarter worth approximately $224,000. Cable Hill Partners LLC raised its position in shares of PPL by 5,417.6% in the 3rd quarter. Cable Hill Partners LLC now owns 6,566 shares of the utilities provider’s stock worth $249,000 after acquiring an additional 6,447 shares in the last quarter. Finally, Valeo Financial Advisors LLC bought a new position in shares of PPL in the 3rd quarter worth approximately $251,000. 71.24% of the stock is owned by institutional investors and hedge funds.
PPL Corporation (PPL) is a utility holding company. Through its subsidiaries, PPL delivers electricity to customers in the United Kingdom, Pennsylvania, Kentucky, Virginia and Tennessee; delivers natural gas to customers in Kentucky, and generates electricity from power plants in Kentucky. PPL operates through U.K.
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