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.

ILLEGAL ACTIVITY WARNING: “PPL (PPL) Rating Reiterated by SunTrust Banks” was originally posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this article on another publication, it was illegally copied and republished in violation of United States & international trademark and copyright law. The legal version of this article can be read at https://theolympiareport.com/2017/12/27/ppl-ppl-rating-reiterated-by-suntrust-banks.html.

About PPL

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.

Analyst Recommendations for PPL (NYSE:PPL)

Receive News & Ratings for PPL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPL and related companies with Analyst Ratings Network's FREE daily email newsletter.