In a report released yesterday, Anthony Crowdell from Mizuho Securities maintained a Hold rating on PPL (PPL – Research Report), with a price target of $27.00. The company’s shares closed last Wednesday at $28.70.
According to TipRanks.com, Crowdell is a 4-star analyst with an average return of 4.8% and a 67.7% success rate. Crowdell covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners, Pinnacle West Capital, and Consolidated Edison.
PPL has an analyst consensus of Moderate Buy, with a price target consensus of $30.43, a 7.1% upside from current levels. In a report issued on March 22, Morgan Stanley also maintained a Hold rating on the stock with a $31.00 price target.
PPL’s market cap is currently $21.35B and has a P/E ratio of 164.87.
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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. The Kentucky Regulated segment comprises of LKE’s regulated electricity generation, transmission, and distribution operations of Louisville Gas and Electric Company and Kentucky Utilities Company; as well as regulated distribution and sale of natural gas of Louisville Gas and Electric Company. The Pennsylvania Regulated segment consists of regulated electricity transmission and distribution operations of PPL Electric Utilities Corporation. The company was founded in 1994 and is headquartered in Allentown, PA.
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