Mixed Analyst Attention: PPL Corporation (PPL), Nucor Corporation (NUE)

The shares of PPL Corporation (NYSE:PPL) has been pegged with a rating of Neutral by Mizuho in its latest research note that was published on June 3rd, 2019. The research company has also assigned a $30 price target. Mizuho wasn’t the only research firm that published a report of PPL Corporation, with other equities research analysts also giving their opinion on the stock. RBC Capital Mkts advised investors in its research note published on March 8th, 2019, to Sector Perform the PPL stock while also putting a $33 price target. The stock had earned In-line rating from Evercore ISI when it published its report on February 7th, 2019. The stock was given Underperform rating by BofA/Merrill in its report released on January 14th, 2019. Citigroup was of a view that PPL is Neutral in its latest report on August 23rd, 2018. Evercore ISI thinks that PPL is worth Outperform rating. This was contained in the firm’s report on May 9th, 2018.

The consensus currently stands at a Hold while its average price target is $32.02. The price of the stock the last time has raised by 8.71% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 49.75.

The shares of the company added by 0.03% during the trading session on Thursday, reaching a low of $29.50 while ending the day at $29.69. During the trading session, a total of 2.83 million shares were traded which represents a 28.83% incline from the average session volume which is 3.97M shares. PPL had ended its last session trading at 29.68. PPL Corporation currently has a market cap of $21.27B, while its P/E ratio stands at 12.19, while its P/E earnings growth sits at 2.76, with a beta of 0.53. PPL Corporation debt-to-equity ratio currently stands at 1.90, while its quick ratio hovers at 0.50. PPL 52-week low price stands at $27.31 while its 52-week high price is $32.88.

Investment analysts at BofA/Merrill published a research note on September 4th, 2019 where it informed investors and clients that Nucor Corporation (NYSE:NUE) is now rated as Underperform. Their price target on the stock stands at $46. RBC Capital Mkts also rated NUE as Downgrade on March 8th, 2019, with its price target of $33 suggesting that NUE could surge by 18.57% from its current share price. Even though the stock has been trading at $48.56/share, analysts expect it to surge higher by 1.52% to reach $60.54/share. It started the day trading at $49.48 and traded between $48.65 and $49.30 throughout the trading session.

A look at its technical shows that NUE’s 50-day SMA is 52.51 while its 200-day SMA stands at 55.78. The stock has a high of $66.03 for the year while the low is $46.10. The company’s P/E ratio currently sits at 6.93, while the P/B ratio is 1.46. At the moment, only of Nucor Corporation shares were sold short. The company’s average trading volume currently stands at 2.20M shares, which means that the short-interest ratio is just 2.87 days. Over the past seven days, the company moved, with its shift of 5.77%. Looking further, the stock has dropped -2.55% over the past 90 days while it lost -17.35% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more NUE shares, increasing its portfolio by +19.95% during the last quarter. This move now sees The Vanguard Group Inc purchasing 5,549,895 shares in the last quarter, thus it now holds 33,371,467 shares of NUE, with a total valuation of $1,814,740,375. SSgA Funds Management Inc followed the path by increasing its NUE portfolio by +0.91% in the quarter. This means that SSgA Funds Management Inc bought 166,018 shares in the last quarter and now controls 18,477,391 shares of the NUE stock, with the valuation hitting $1,004,800,523.

Similarly, ClearBridge Investments LLC decreased its Nucor Corporation shares by -6.66% during the recently filed quarter. After selling -516,887 shares in the last quarter, the firm now controls 7,242,553 shares of Nucor Corporation which are valued at $393,850,032. In the same vein, Capital Research Management Co increased its Nucor Corporation shares by during the most recent reported quarter. The firm bought 2,143 shares during the quarter which increased its stakes to 6,502,245 shares and is now valued at $353,592,083. Following these latest developments, around 0.70% of Nucor Corporation stocks are owned by institutional investors and hedge funds.