PPL (NYSE:PPL) Rating Increased to Buy at Argus

PPL (NYSE:PPLGet Free Report) was upgraded by stock analysts at Argus from a “hold” rating to a “buy” rating in a report issued on Friday, FinViz reports. The firm presently has a $30.00 price target on the utilities provider’s stock. Argus’ price objective points to a potential upside of 11.63% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of PPL from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Tuesday, February 20th. StockNews.com lowered shares of PPL from a “hold” rating to a “sell” rating in a report on Saturday, February 24th. BMO Capital Markets reaffirmed an “outperform” rating and set a $52.00 target price on shares of PPL in a report on Wednesday, December 20th. TheStreet lowered shares of PPL from a “b-” rating to a “c” rating in a report on Friday, February 16th. Finally, Morgan Stanley lifted their target price on shares of PPL from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Tuesday, November 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $32.10.

Check Out Our Latest Report on PPL

PPL Stock Up 1.1 %

PPL stock opened at $26.88 on Friday. PPL has a twelve month low of $22.20 and a twelve month high of $29.03. The company has a market cap of $19.82 billion, a PE ratio of 26.88, a price-to-earnings-growth ratio of 2.11 and a beta of 0.81. The business’s 50-day simple moving average is $26.52 and its 200 day simple moving average is $25.68. The company has a quick ratio of 0.73, a current ratio of 0.88 and a debt-to-equity ratio of 1.05.

PPL (NYSE:PPLGet Free Report) last released its earnings results on Friday, February 16th. The utilities provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.56 billion. PPL had a return on equity of 8.45% and a net margin of 8.90%. The firm’s revenue for the quarter was down 11.3% compared to the same quarter last year. During the same period last year, the business earned $0.28 earnings per share. On average, research analysts anticipate that PPL will post 1.72 earnings per share for the current year.

Hedge Funds Weigh In On PPL

Institutional investors and hedge funds have recently made changes to their positions in the company. Coppell Advisory Solutions Corp. bought a new stake in PPL in the 4th quarter valued at $25,000. Worth Asset Management LLC bought a new stake in PPL during the 1st quarter worth about $27,000. Quarry LP bought a new stake in PPL during the 4th quarter worth about $26,000. West Tower Group LLC bought a new stake in PPL during the 2nd quarter worth about $26,000. Finally, Compass Wealth Management LLC bought a new stake in PPL during the 4th quarter worth about $29,000. Institutional investors and hedge funds own 73.09% of the company’s stock.

PPL Company Profile

(Get Free Report)

PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.6 million customers in the United States. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky.

Further Reading

Analyst Recommendations for PPL (NYSE:PPL)

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