The stock of PPL Corp (NYSE: PPL) has decreased by -0.23 when compared to last closing price of 30.31.Despite this, the company has seen a gain of 2.72% in its stock price over the last five trading days. zacks.com reported 2024-08-02 that Although the revenue and EPS for PPL (PPL) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Is It Worth Investing in PPL Corp (NYSE: PPL) Right Now?
PPL Corp (NYSE: PPL) has a higher price-to-earnings ratio of 29.31x compared to its average ratio, The 36-month beta value for PPL is at 0.83. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 12 as “hold,” and 0 as “sell.”
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The public float for PPL is 736.03M, and currently, shorts hold a 2.08% of that float. The average trading volume for PPL on August 02, 2024 was 4.64M shares.
PPL’s Market Performance
PPL’s stock has seen a 2.72% increase for the week, with a 9.84% rise in the past month and a 8.31% gain in the past quarter. The volatility ratio for the week is 1.54%, and the volatility levels for the past 30 days are at 1.53% for PPL Corp The simple moving average for the past 20 days is 5.34% for PPL’s stock, with a 11.77% simple moving average for the past 200 days.
Analysts’ Opinion of PPL
Many brokerage firms have already submitted their reports for PPL stocks, with Argus repeating the rating for PPL by listing it as a “Buy.” The predicted price for PPL in the upcoming period, according to Argus is $30 based on the research report published on March 08, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see PPL reach a price target of $25, previously predicting the price at $29. The rating they have provided for PPL stocks is “Neutral” according to the report published on October 04th, 2023.
Barclays gave a rating of “Equal Weight” to PPL, setting the target price at $26 in the report published on August 23rd of the previous year.
PPL Trading at 6.15% 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 -0.35% of loss for the given period.
Volatility was left at 1.53%, however, over the last 30 days, the volatility rate increased by 1.54%, as shares surge +11.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.04% upper at present.
During the last 5 trading sessions, PPL rose by +3.43%, which changed the moving average for the period of 200-days by +25.93% in comparison to the 20-day moving average, which settled at $28.86. In addition, PPL Corp saw 11.59% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PPL starting from Henninger Tadd J, who sale 13,330 shares at the price of $25.99 back on Nov 16 ’23. After this action, Henninger Tadd J now owns 4,784 shares of PPL Corp, valued at $346,447 using the latest closing price.
Stock Fundamentals for PPL
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.46 for the gross margin
The net margin for PPL Corp stands at 0.1. The total capital return value is set at 0.05. Equity return is now at value 5.43, with 1.96 for asset returns.
Based on PPL Corp (PPL), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 0.71. The interest coverage ratio of the stock is 2.55.
Currently, EBITDA for the company is 1.63 billion with net debt to EBITDA at 6.42. When we switch over and look at the enterprise to sales, we see a ratio of 4.62. The receivables turnover for the company is 7.93for trailing twelve months and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.28.
Conclusion
In conclusion, PPL Corp (PPL) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
