PPL Corp [NYSE: PPL] gained 0.42% or 0.14 points to close at $33.59 with a heavy trading volume of 4500018 shares.
It opened the trading session at $33.56, the shares rose to $33.66 and dropped to $33.29, the range by which the price of stock traded the whole day. The daily chart for PPL points out that the company has recorded 4.03% gains over the past six months.
If we look at the average trading volume of 5.56M shares, PPL reached to a volume of 4500018 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $38.00 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 1.81. 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.
BMO Capital Markets have made an estimate for PPL Corp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on December 11, 2024. While these analysts kept the previous recommendation, JP Morgan raised their target price to Overweight. The new note on the price target was released on October 25, 2024, representing the official price target for PPL Corp stock. Previously, the target price had yet another raise to $38, while Jefferies analysts kept a Buy rating on PPL stock.
The Average True Range (ATR) for PPL Corp is set at 0.53, with the Price to Sales ratio for PPL stock in the period of the last 12 months amounting to 2.87. The Price to Book ratio for the last quarter was 1.74, with the Price to Cash per share for the same quarter was set at 0.48.
Trading performance analysis for PPL stock
PPL Corp [PPL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.56. With this latest performance, PPL shares dropped by -4.08% in over the last four-week period, additionally plugging by 4.03% over the last 6 months – not to mention a rise of 19.62% in the past year of trading.
PPL Corp [PPL]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and PPL Corp [PPL] shares currently have an operating margin of 21.96% and a Gross Margin at 26.56%. PPL Corp’s Net Margin is presently recorded at 11.45%.
Return on Equity for this stock inclined to 2.44%, with Return on Assets sitting at 2.44%.
PPL Corp [PPL]: An earnings per share (EPS) analysis
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 7.43%.
An analysis of Institutional ownership at PPL Corp [PPL]
There are presently around $81.98%, or 82.07%% 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 12.6395%. 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 4.7087%.
