In a report released today, Shelby Tucker from RBC Capital maintained a Hold rating on PPL (PPL), with a price target of $33.00. The company’s shares closed last Monday at $35.66, close to its 52-week high of $36.83.
According to TipRanks.com, Tucker is a 5-star analyst with an average return of 9.5% and a 75.0% success rate. Tucker covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Nextera Energy Partners.
Currently, the analyst consensus on PPL is a Moderate Buy with an average price target of $35.30, implying a -1.7% downside from current levels. In a report released today, Evercore ISI also initiated coverage with a Hold rating on the stock with a $36.50 price target.
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Based on PPL’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.95 billion and net profit of $365 million. In comparison, last year the company earned revenue of $1.94 billion and had a net profit of $415 million.
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PPL Corp. is a utility holding company, which engages in the generation, transmission, and distribution of electricity. It operates through the following segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. The U.K. Regulated segment includes regulated electricity distribution operations of Western Power Distribution.
