Is Technical Outlook Good? PPL Corporation (PPL), Itau Unibanco Holding S.A. (ITUB)

4 analysts out of 15 Wall Street brokerage firms rate PPL Corporation (NYSE:PPL) as a Buy, while 2 see it as a Sell. The rest 9 describe it as a Hold. PPL stock traded higher to an intra-day high of $31.34. At one point in session, its potential discontinued and the price was down to lows at $30.96. Analysts have set PPL’s consensus price at $32.17, effectively giving it a 3.41% projection on returns. Should the projected estimates be met, then the stock will likely hit its highest price at $36 (up 15.72% from current price levels). PPL has a 15.7% ROE, higher than the 13.66% average for the industry. The average ROE for the sector is 11.86%.

It is expected that in Jun 2019 quarter PPL will have an EPS of $0.56, suggesting a 1.82% growth. For Sep 2019 is projected at $0.61. It means that there could be a 3.39% growth in the quarter. Yearly earnings are expected to rise by 0.83% to about $2.42. As for the coming year, growth will be about 4.96%, lifting earnings to $2.54. RSI after the last trading period was 53.77. PPL recorded a change of -1.3% over the past week and returned -4.54% over the last three months while the PPL stock’s monthly performance revealed a shift in price of 0.06%. The year to date (YTD) performance stands at 9.81%, and the bi-yearly performance specified an activity trend of 2% while the shares have moved 19.01% for the past 12 months.

PPL Corporation (PPL) currently trades at $31.11, which is lower by -0.16% its previous price. It has a total of 733.38 million outstanding shares, with an ATR of around 0.52. The company’s stock volume rose to 5.87 million, better than 4.48 million that represents its 50-day average. A 5-day decrease of about -1.3% in its price means PPL is now 9.81% higher on year-to-date. The shares have surrendered $43233.89 since its $32.88 52-week high price recorded on 15th of March 2019. Overall, it has seen a growth rate of 19.01 over the last 12 months. The current price per share is $5.1 above the 52 week low of $26.01 set on 14th of June 2018.

PPL Corporation (NYSE:PPL)’s EPS was $0.7 as reported for the March quarter. In comparison, the same quarter a year ago had an EPS of $0.74. That means that its growth in general now stands at -5%. Therefore, a prediction of $0.72 given by the analysts brought a negative surprise of -3%. PPL March quarter revenue was $2.08 billion, compared to $2.13 billion recorded in same quarter last year, giving it a -2% growth rate. The company’s $-0.05 billion revenue decline that quarter surprised Wall Street and investors will need to consider this as they assess the stock.

Itau Unibanco Holding S.A. (NYSE:ITUB) shares depreciated -1.23% over the last trading period, taking overall 5-day performance up to -0.67%. ITUB’s price now at $8.85 is greater than the 50-day average of $8.52. Getting the trading period increased to 200 days, the stock price was seen at $8.8 on average. The general public currently hold control of a total of 5.27 billion shares, which is the number publicly available for trading. The total of shares that it has issued to investors is 9.03 billion. The company’s management holds a total of 52.1%, while institutional investors hold about 24.4% of the remaining shares. ITUB share price finished last trade 3.51% above its 20 day simple moving average and its upbeat gap from 200 day simple moving average is 1.89%, while closing the session with 3.83% distance from 50 day simple moving average.

Itau Unibanco Holding S.A. (ITUB) shares were last observed trading -16.45% down since February 04, 2019 when the peak of $10.59 was hit. Last month’s price growth of 10.49% puts ITUB performance for the year now at -1.28%. Consequently, the shares price is trending higher by 38.69%, a 52-week worst price since Sep. 13, 2018. However, it is regaining value with 1.84% in the last 6 months. From a technical perspective, it appears more likely that the stock will experience a Bull Run market as a result of the strong support seen recently between $8.61 and $8.73. The immediate resistance area is now $8.98 Williams’s %R (14) for ITUB moved to 32.63 while the stochastic %K points at 79.11.

ITUB’s beta is 0.91; meaning investors could reap lower returns, although it also poses lower risks. The company allocated $0.67 per share from its yearly profit to its outstanding shares. Its last reported revenue is $7.51 billion, which was -11% versus $8.45 billion in the corresponding quarter last year. The EPS for Mar 19 quarter came in at $0.18 compared to $0.2 in the year-ago quarter and had represented -10% year-over-year earnings per share growth. ITUB’s ROA is 1.7%, lower than the 2.44% industry average. Although a more robust percentage would be better, consideration is given to how well peers within the industry performed. Companies within the sector had an ROA of 2.59%.

Estimated quarterly earnings for Itau Unibanco Holding S.A. (NYSE:ITUB) are around $0.18 per share in three months through June with $0.19 also the estimate for September quarter of the fiscal year. It means the growth is estimated at -5.26% and 11.76%, respectively. Analysts estimate full-year growth to be 13.43%, the target being $0.76 a share. The upcoming year will see an increase in growth by percentage to 10.53%, more likely to see it hit the $0.84 per share. The firm’s current profit margin over the past 12 months is 18.7%. ITUB ranks lower in comparison to an average of 30.13% for industry peers; while the average for the sector is 29.39%.