PPL Corp [NYSE: PPL] traded at a low on Thursday, posting a -0.77 loss after which it closed the day’ session at $32.37.
The results of the trading session contributed to over 2522286 shares changing hands. Over the past one week, the price volatility of PPL Corp stands at 1.21% while the volatility over the past one month is 1.34%.
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The market cap for PPL stock reached $23.88 billion, with 737.13 million shares outstanding and 736.14 million shares in the current float. Compared to the average trading volume of 4.89M shares, PPL reached a trading volume of 2522286 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 $33.69 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 1.89. 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.
Jefferies have made an estimate for PPL Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 20, 2024. The new note on the price target was released on March 08, 2024, representing the official price target for PPL Corp stock. Previously, the target price had yet another drop from $29 to $25, while UBS kept a Neutral rating on PPL stock.
The Average True Range (ATR) for PPL Corp is set at 0.46, with the Price to Sales ratio for PPL stock in the period of the last 12 months amounting to 2.89. The Price to Book ratio for the last quarter was 1.70, with the Price to Cash per share for the same quarter was set at 0.44.
How has PPL stock performed recently?
PPL Corp [PPL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.86. With this latest performance, PPL shares gained by 0.68% in over the last four-week period, additionally plugging by 21.60% over the last 6 months – not to mention a rise of 33.71% 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 52.32, with the RSI for the last a single of trading hit 51.89, and the three-weeks RSI is set at 53.83 for PPL Corp [PPL]. The present Moving Average for the last 50 days of trading for this stock 32.01, while it was recorded at 32.22 for the last single week of trading, and 28.71 for the last 200 days.
PPL Corp [PPL]: Deeper insight into the fundamentals
PPL Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.91 and a Current Ratio set at 1.11.
Earnings analysis for PPL Corp [PPL]
With the latest financial reports released by the company, PPL Corp posted 0.43/share EPS, while the average EPS was predicted by analysts to be reported at 0.42/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.01. 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 6.91%.
Insider trade positions for PPL Corp [PPL]
There are presently around $78.05%, or 78.11%% of PPL stock, in the hands of institutional investors. The top three institutional holders of PPL stocks are: VANGUARD GROUP INC with ownership of 93.25 million shares, which is approximately 12.6435%. BLACKROCK INC., holding 58.69 million shares of the stock with an approximate value of $$1.62 billion in PPL stocks shares; and BLACKROCK INC., currently with $$969.36 million in PPL stock with ownership which is approximately 4.7102%.
