Stocks of PPL Corp (NYSE:PPL) traded higher last session on Wall Street, up 0.78% to $28.44.
PPL stock price is now 0.17% away from the 50-day moving average and 6.73% away from the 200-day moving average. The market capitalization of the company currently stands at $20.98B.
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With the price target maintained at $30, Argus recently Upgraded its rating from Hold to Buy for PPL Corp (NYSE: PPL). On October 04, 2023, UBS Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $29 to quote $25, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, Henninger Tadd J, SVP-Finance and Treasurer sold 13,330 shares of the company’s stock on Nov 16 ’23. The stock was sold for $346,447 at an average price of $25.99. Upon completion of the transaction, the SVP-Finance and Treasurer now directly owns 4,784 shares in the company, valued at $0.14 million. A total of 0.23% of the company’s stock is owned by insiders.
During the past 12 months, PPL Corp has had a low of $22.20 and a high of $29.89. As of last week, the company has a debt-to-equity ratio of 1.14, a current ratio of 1.28, and a quick ratio of 1.08. According to the stock market information, the enterprise value for the company is $36811350016, which is based on a 27.56 price-to-earnings ratio, a 4.05 price-to-earnings-growth ratio, and a beta of 0.83. The fifty day moving average price for PPL is $28.412 and a two-hundred day moving average price translates $26.66385 for the stock.
The latest earnings results from PPL Corp (NYSE: PPL) was released for 2024-03-31. The net profit margin was 9.29% and return on equity was 5.43% for PPL. The company reported revenue of $2.3 billion for the quarter, compared to $2.42 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.6 percent.
