PPL Corporation (NYSE:PPL) does about 5.48M shares in volume on a normal day but saw 4849717 shares change hands in Monday trading. The company now has a market cap of 21.19B USD and an enterprise value of about $43.96B. Its current market price is $27.63, marking a decrease of -0.32% compared to the previous close of $27.72. The 52 week high reached by this stock is $36.83 whilst the lowest price level in 52 weeks is $18.12. The script in recent trading has seen the stock touch a high of $27.87 and a low of $27.48.
PPL Corporation (PPL) has a 20-day trading average at $27.99 and the current price is -24.98% off the 52-week high compared with 52.48% distance from its 52-week low. The 50-day simple moving average of the closing price is $26.65 and its 200-day simple moving average is $29.49. If we look at the stock’s price movements over the week, volatility stands at 1.78%, which increases to 2.24% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 50.59 to suggest the stock is neutral.
The consensus objective for the share price is $28.88, suggesting that the stock has a potential upside of 4.33% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 19, 2020 when Mizuho downgraded the stock to “Neutral” and issued a price target of . Seaport Global Securities upgraded the stock to “Neutral” from Sell on August 11, 2020 at a price target of . Seaport Global Securities downgraded its price target at $26.50.
The current price level is -1.07%, 3.80%, and -6.40% away from its SMA20, SMA50, and SMA200 respectively, with the PPL price moving above the 50-day SMA on August 31. PPL Corporation (PPL) stock is down -2.61% over the week and 3.79% over the past month. Its price is -22.99% year-to-date and -6.50% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of $0.55 above consensus estimates by $0.01. PPL’s earnings per share are forecast to shrink by -1.20% this year and 1.70% over next year. Expected sales for next quarter are $2 billion, which analysts say will come at $8.07 billion for the current fiscal year and next year at $8.2 billion. In addition, estimates put the company’s current quarterly revenue at an average of $2.02 billion.
To reach the target analysts have set, the stock logically needs to grow 4.33 percent from here.
Outstanding shares total 768.77M with insiders holding 0.07% of the shares and institutional holders owning 71.20% of the company’s common stock. The company has a return on investment of 6.70% and return on equity of 13.60%. The price to earnings ratio (P/E ratio) amounts to 12.01 while the forward price to earnings ratio is 11.24. The beta has a value of 0.77. Price to book ratio is 1.63 and price to sales ratio is 2.76.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has reduced its position in PPL Corporation (PPL) to 21,831,647 shares, mirroring a recent drop by -0.38%. Vanguard Total Stock Market Index dumped 83072.0 shares of PPL Corporation common stock bringing its total worth to about $581.16 million at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Caisse de Dépôt & Placement du Qu, which sold off -4.15 million shares to end up with 16,583,780 shares worth $441.46 million. Vanguard 500 Index Fund cut their holdings by -0.61% in the company over the course of the most recent quarter. It now holds a 2.06% position in PPL Corporation thanks to 15.86 million shares amounting to $422.07 million.