PPL (PPL) Stock Forecast & Price Target

$34.40 -0.05 (-0.15%)

(As of 11/25/2024 ET)

PPL - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 10 Analyst Ratings

Sell
0

Hold
2

Buy
8

Based on 10 Wall Street analysts who have issued ratings for PPL in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 10 analysts, 2 have given a hold rating, and 8 have given a buy rating for PPL.

Consensus Price Target

$35.50
3.20% Upside

According to the 10 analysts' twelve-month price targets for PPL, the average price target is $35.50. The highest price target for PPL is $52.00, while the lowest price target for PPL is $28.00. The average price target represents a forecasted upside of 3.20% from the current price of $34.40.

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PPL Analyst Ratings Over Time

Type	Current Forecast 11/26/23 to 11/25/24	1 Month Ago 10/27/23 to 10/26/24	3 Months Ago 8/28/23 to 8/27/24	1 Year Ago 11/26/22 to 11/26/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	6 Buy rating(s)	2 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$35.50	$35.40	$32.82	$30.13
Forecasted Upside	3.20% Upside	9.16% Upside	3.43% Upside	14.50% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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PPL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PPL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

PPL Stock vs. The Competition

Type	PPL	Utilities Companies	S&P 500
Consensus Rating Score	2.80	2.50	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	3.68% Upside	21.27% Upside	6.46% Upside
News Sentiment Rating	Neutral News See Recent PPL News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
11/4/2024	Bank of America 4 of 5 stars	Boost Target	Buy ➝ Buy	$34.00 ➝ $35.00	+10.90%
10/25/2024	JPMorgan Chase & Co. 3 of 5 stars	Initiated Coverage	Overweight	$37.00	+12.56%
10/21/2024	Barclays 3 of 5 stars	Boost Target	Equal Weight ➝ Equal Weight	$30.00 ➝ $34.00	+3.94%
9/19/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$38.00	+19.55%
9/16/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$35.00 ➝ $37.00	+12.91%
8/23/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$31.00 ➝ $33.00	+4.04%
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5/2/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$27.00 ➝ $28.00
4/11/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$30.00 ➝ $31.00	+16.10%
3/8/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$30.00	+11.63%
12/20/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform	$52.00	+94.90%
10/9/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$31.00 ➝ $27.00	+14.65%
10/5/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$42.00	+84.05%
10/4/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$29.00 ➝ $25.00	+8.79%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 07:44 PM ET.

Should I Buy PPL Stock? PPL Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, November 20, 2024. Please send any questions or comments about these PPL pros and cons to contact@marketbeat.com.

PPL
Bull Case

Here are some ways that investors could benefit from investing in PPL Co.:

PPL Co. has recently received multiple upgrades from analysts, with price targets raised to as high as $37.00, indicating strong market confidence in the stock's potential for growth.
The current stock price is $34.00, which is near its 12-month high of $34.04, suggesting that the stock is performing well and may continue to attract investor interest.
Institutional investors own approximately 76.99% of PPL Co.'s stock, which often indicates a strong level of confidence from large financial entities in the company's stability and growth prospects.
PPL Co. has a consistent dividend payout, with a recent quarterly dividend of $0.2575, translating to an annualized yield of 3.06%. This can provide a steady income stream for investors.
The company reported earnings per share (EPS) of $0.42 for the latest quarter, meeting analysts' expectations, which reflects its ability to maintain profitability in a competitive market.

PPL
Bear Case

Investors should be bearish about investing in PPL Co. for these reasons:

PPL Co. has a relatively high debt-to-equity ratio of 1.17, which may indicate that the company is relying heavily on debt to finance its operations, potentially increasing financial risk.
The company's revenue for the latest quarter was $2.07 billion, slightly below analyst estimates of $2.10 billion, which could raise concerns about its growth trajectory.
Despite a solid dividend yield, PPL Co.'s payout ratio is currently at 91.97%, suggesting that a significant portion of its earnings is being distributed as dividends, which may limit funds available for reinvestment in the business.
With a beta of 0.81, PPL Co. is less volatile than the market, which might be seen as a disadvantage for investors seeking high-growth opportunities in more dynamic stocks.
Analysts have issued three hold ratings for PPL Co., indicating some uncertainty about its future performance compared to other investment opportunities.

PPL Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for PPL is $35.50, with a high forecast of $52.00 and a low forecast of $28.00.
: 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PPL in the last year. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PPL shares.
: According to analysts, PPL's stock has a predicted upside of 3.20% based on their 12-month stock forecasts.
: PPL has been rated by research analysts at Bank of America, Barclays, Jefferies Financial Group, JPMorgan Chase & Co., and Wells Fargo & Company in the past 90 days.
: Analysts like PPL more than other "utilities" companies. The consensus rating for PPL is Moderate Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how PPL compares to other companies.

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This page (NYSE:PPL) was last updated on 11/25/2024 by MarketBeat.com Staff

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PPL (PPL) Stock Forecast & Price Target