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How PPL Looks ahead of Its 1Q17 Earnings

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Part 7
How PPL Looks ahead of Its 1Q17 Earnings PART 7 OF 7

What Analysts Recommend for PPL

PPL’s price targets

Wall Street analysts’ consensus price target for PPL (PPL) is $37.33. Its current market price is $37.71, so the target implies a fall of more than 1% over the next year.

The following chart shows analysts’ verdict on PPL Corporation on April 19, 2017. Of the 18 analysts tracking PPL, 14 recommended a “hold,” and three recommended a “strong buy.” Three analysts gave the company a “buy” recommendation, while one of the analysts recommended a “sell.”

What Analysts Recommend for PPL

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Analysts expect that peer Xcel Energy (XEL) could have a flat to negative movement in the coming year. It has a price target of $44.42 compared to its current market price of $44.82 on April 19, 2017. The target implies an estimated fall of 0.9%.

Wall Street analysts’ consensus price target for Duke Energy (DUK) is $80.89. Its current market price is $82.17, which implies a fall of nearly 2.0% over the next year.

PPL’s outlook

PPL Corporation’s geographic diversification could present a strategic advantage for it after Brexit blues are over and the British pound stabilizes. Its operations in the United Kingdom and the US offer PPL regulatory and customer diversification. A healthy regulatory framework in the United Kingdom provides a higher return on equity to PPL than the US average (XLU). PPL’s stable earnings growth and its expected dividend growth rate of 4% makes it an attractive investment opportunity.

Read These Utilities Made the Most of 1Q17—Did You? to learn how utilities (XLU) performed in 1Q17.

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