PPL Corp (NYSE: PPL) has reported earnings for its second fiscal quarter (ending June 30) of $0.26 versus $0.15 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $1.13 compared to $0.98 a year ago.
Recent Price Action
PPL Corp (NYSE: PPL) stock increased 1.1% on 8/2/24. The shares closed at $30.64. Moreover, this advance was accompanied by exceptionally high trading volume at 244% of normal. The stock has been strong relative to the market over the last nine months and has risen 4.9% during the last week.
Current PriceTarget Research Rating
PPL is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
PPL has a current Value Trend Rating of C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. PPL has a neutral Appreciation Score of 53 and a slightly positive Power Rating of 61, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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