PPL Corporation (NYSE:PPL) saw a downside of -0.32% to close Monday at $25.22 after subtracting -$0.08 on the day. The 5-day average trading volume is 4,695,900 shares of the company’s common stock. It has gained $25.86 in the past week and touched a new high 1 time within the past 5 days. An average of 4,840,930 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,777,664.
PPL’s 1-month performance is -9.57% or -$2.67 on its low of $24.91 reached on 08/21/23. The company’s shares have touched a 52-week low of $23.47 and high of $31.74, with the stock’s rally to the 52-week high happening on 01/11/23. YTD, PPL has lost -13.69% or -$4.00 and has reached a new high 4 times. However, the current price is down -20.54% from the 52-week high price.
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Insider Transactions
PPL stock investors last saw insider trading activity on Apr 05.Crockett John R III (President of a PPL Subsidiary) most recently sold 5,500 shares at $28.00 per share on Apr 05. This transaction cost the insider $154,000. President of a PPL Subsidiary, Bonenberger David J, sold 719 shares at a price of $26.13 on Jan 24. Then, on Jan 04, President of a PPL Subsidiary Bonenberger David J sold 29,080 shares at a price of $30.00 per share. This transaction amounted to $872,400.
Valuation Metrics
PPL stock has a beta of 0.81. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.13 while the price-to-book (PB) in the most recent quarter is 1.33.
PPL Corporation’s quick ratio for the period ended June 29 was 0.90, with the current ratio over the same period at 1.10. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.04, while the total debt to equity was 1.06. In terms of profitability, the gross margin trailing 12 months is 75.70%. The trailing 12-month EBITDA margin is 33.31% while for the period ending June 29, PPL Corporation’s operating margin was 17.10%. The firm’s gross profit as reported stood at $1.37 billion against revenue of $7.9 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -6.25% to $112.0 million, while revenue of $285.0 million was -154.46% off the previous quarter. Analysts expected PPL to announce $0.32 per share in earnings in its latest quarter, but it posted $0.29, representing a -9.40% surprise. EBITDA for the quarter stood at more than $640.0 million. PPL stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 24.34 billion, with total debt at $14.88 billion. Shareholders hold equity totaling $737.09 million.
Let’s look briefly at PPL Corporation (PPL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 24.85% to suggest the stock is trending oversold, with historical volatility in this time period at 11.92%.
The stock’s 5-day moving average is $25.30, reflecting a -3.07% or -$0.80 change from its current price. PPL is currently trading -9.28% above its 20-day SMA, -6.90% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -6.04% and SMA200 by-5.08%.
Stochastic %K and %D was 7.30% and 3.75% and the average true range (ATR) pointed at 0.42. The RSI (14) points at 30.52%, while the 14-day stochastic is at 12.52% with the period’s ATR at 0.43. The stock’s 9-day MACD Oscillator is pointing at -0.45 and -0.73 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for PPL Corporation (NYSE: PPL), Morgan Stanley upgraded it to an Overweight rating. They previously had an Equal-weight rating on the stock. Analysts offering their rating for PPL stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate PPL as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 9 have offered a “buy” rating.
What is PPL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $28.00 and a high of $33.00, with their median price target at $31.00. Looking at these predictions, the average price target given by analysts is for PPL Corporation (PPL) stock is $30.82.
