Goldman Sachs Gives Buy Rating to PPL (PPL)

By admin | 6 years ago

PPL (NYSE: PPL)‘s stock had its “buy” rating restated by equities researchers at Goldman Sachs (NYSE: GS) in a report issued on Tuesday.

Shares of PPL opened at 27.09 on Tuesday. PPL has a one year low of $25.00 and a one year high of $30.27. The company has a market cap of $15.713 billion and a P/E ratio of 9.56.

PPL last issued its quarterly earnings data on Friday, May 4th. The company reported $0.70 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.67 by $0.03. PPL’s revenue was up 41.3% compared to the same quarter last year. On average, analysts predict that PPL will post $0.71 earnings per share next quarter.

A number of other analysts have also recently weighed in on PPL. Analysts at Zacks reiterated a “neutral” rating on shares of PPL in a research note to investors on Monday, May 7th. They now have a $29.00 price target on the stock. Separately, analysts at Jefferies Group (NYSE: JEF) downgraded shares of PPL from a “buy” rating to a “hold” rating in a research note to investors on Monday, April 30th. They now have a $27.50 price target on the stock, down previously from $31.50. Finally, analysts at FBR Capital (NASDAQ: FBCM) downgraded shares of PPL from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, April 25th. They now have a $25.00 price target on the stock, down previously from $27.50.

PPL Corporation (PPL) is an energy and utility holding company. Through its subsidiaries, PPL generates electricity from power plants in the northeastern and western United States, markets wholesale or retail energy primarily in the northeastern and western portions of the United States, and delivers electricity to approximately four million customers in Pennsylvania and the United Kingdom.

About the author