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RBC Capital Sticks to Their Hold Rating for Ppl Corp.

Investing.com
·1-min read


RBC Capital analyst Shelby Tucker maintained a Hold rating on Ppl Corp . on Friday, setting a price target of $28, which is approximately 14.24% above the present share price of $24.51.

Tucker expects Ppl Corp. to post earnings per share (EPS) of $0.72 for the second quarter of 2020.

The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in PPL, with an average price target of $36.65.
The analysts price targets range from a high of $54 to a low of $25.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $2.05 billion and a net profit of $817 million. The company's market cap is $18.84 billion.

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According to TipRanks.com, RBC Capital analyst Shelby Tucker is a 4-star analyst with an average return of 3.6% and a 59.4% success rate.

PPL Corp (NYSE:PPL). 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.