Argus slashes price target on PPL Corp [PPL] – find out why.

PPL Corp [NYSE: PPL] stock went on an upward path that rose over 1.58% on Wednesday, amounting to a one-week price decrease of less than -1.86%.

Over the last 12 months, PPL stock dropped by -8.01%. The one-year PPL Corp stock forecast points to a potential upside of 10.2. The average equity rating for PPL stock is currently 1.73, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $19.49 billion, with 737.13 million shares outstanding and 735.67 million shares in the current float. Compared to the average trading volume of 5.06M shares, PPL stock reached a trading volume of 3555251 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on PPL Corp [PPL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PPL shares is $29.42 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PPL stock is a recommendation set at 1.73. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Argus have made an estimate for PPL Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 08, 2024. While these analysts kept the previous recommendation, UBS dropped their target price from $29 to $25. The new note on the price target was released on October 04, 2023, representing the official price target for PPL Corp stock. Previously, the target price had yet another raise to $26, while Barclays analysts kept a Equal Weight rating on PPL stock.

The Average True Range (ATR) for PPL Corp is set at 0.45, with the Price to Sales ratio for PPL stock in the period of the last 12 months amounting to 2.34. The Price to Book ratio for the last quarter was 1.40, with the Price to Cash per share for the same quarter was set at 0.52.

PPL Stock Performance Analysis:

PPL Corp [PPL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.86. With this latest performance, PPL shares dropped by -1.78% in over the last four-week period, additionally plugging by 9.26% over the last 6 months – not to mention a drop of -8.01% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PPL stock in for the last two-week period is set at 42.44, with the RSI for the last a single of trading hit 39.19, and the three-weeks RSI is set at 45.13 for PPL Corp [PPL]. The present Moving Average for the last 50 days of trading for this stock 26.72, while it was recorded at 26.45 for the last single week of trading, and 26.01 for the last 200 days.

Insight into PPL Corp Fundamentals:

PPL Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.73 and a Current Ratio set at 0.88.


The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PPL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for PPL Corp go to 6.50%.

PPL Corp [PPL] Institutonal Ownership Details

The top three institutional holders of PPL stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in PPL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in PPL stock with ownership which is approximately 5.8386%.