PPL Corporation (NYSE: PPL) has a price-to-earnings ratio of 26.32x that is above its average ratio. Additionally, the 36-month beta value for PPL is 0.81. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 2 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The average price predicted by analysts for PPL is $29.92, which is $4.26 above the current price. The public float for PPL is 736.64M and currently, short sellers hold a 1.42% ratio of that float. The average trading volume of PPL on September 18, 2023 was 4.76M shares.
Top 5 EV Tech Stocks to Buy for 2023
The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".
Click Here to Download the FREE Report.
Sponsored
PPL) stock’s latest price update
PPL Corporation (NYSE: PPL)’s stock price has plunge by -0.08relation to previous closing price of 25.68. Nevertheless, the company has seen a 3.68% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-08-11 that PPL is expected to further gain from its ongoing capital investments, completed acquisition, and savings in operation and maintenance costs.
PPL’s Market Performance
PPL’s stock has risen by 3.68% in the past week, with a monthly rise of 1.18% and a quarterly drop of -5.00%. The volatility ratio for the week is 1.27% while the volatility levels for the last 30 days are 1.52% for PPL Corporation The simple moving average for the last 20 days is 2.42% for PPL stock, with a simple moving average of -7.10% for the last 200 days.
Analysts’ Opinion of PPL
Many brokerage firms have already submitted their reports for PPL stocks, with Barclays repeating the rating for PPL by listing it as a “Equal Weight.” The predicted price for PPL in the upcoming period, according to Barclays is $26 based on the research report published on August 23, 2023 of the current year 2023.
PPL Trading at -1.51% from the 50-Day Moving Average
After a stumble in the market that brought PPL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.16% of loss for the given period.
Volatility was left at 1.52%, however, over the last 30 days, the volatility rate increased by 1.27%, as shares surge +2.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.39% lower at present.
During the last 5 trading sessions, PPL rose by +3.68%, which changed the moving average for the period of 200-days by -11.82% in comparison to the 20-day moving average, which settled at $25.08. In addition, PPL Corporation saw -12.18% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PPL starting from Crockett John R III, who sale 5,500 shares at the price of $28.00 back on Apr 05. After this action, Crockett John R III now owns 9,161 shares of PPL Corporation, valued at $154,000 using the latest closing price.
Bonenberger David J, the President of a PPL Subsidiary of PPL Corporation, sale 719 shares at $26.13 during a trade that took place back on Jan 24, which means that Bonenberger David J is holding 34,606 shares at $18,787 based on the most recent closing price.
Stock Fundamentals for PPL
Current profitability levels for the company are sitting at:
- +17.63 for the present operating margin
- +21.83 for the gross margin
The net margin for PPL Corporation stands at +9.02. The total capital return value is set at 5.24, while invested capital returns managed to touch 2.78. Equity return is now at value 5.50, with 2.00 for asset returns.
Based on PPL Corporation (PPL), the company’s capital structure generated 102.71 points at debt to equity in total, while total debt to capital is 50.67. Total debt to assets is 37.77, with long-term debt to equity ratio resting at 92.93. Finally, the long-term debt to capital ratio is 45.84.
When we switch over and look at the enterprise to sales, we see a ratio of 3.79, with the company’s debt to enterprise value settled at 0.40. The receivables turnover for the company is 6.21 and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.75.
Conclusion
In conclusion, PPL Corporation (PPL) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
