Exelon (NASDAQ:EXC) Price Target Raised to $42.00

Exelon (NASDAQ:EXC) had its price objective boosted by equities researchers at Scotiabank from $40.00 to $42.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price target suggests a potential upside of 13.91% from the company’s previous close.

A number of other research firms have also recently weighed in on EXC. Morgan Stanley cut their price target on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. UBS Group boosted their price target on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Barclays raised their price target on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group initiated coverage on shares of Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $41.42.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $36.87 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The firm has a 50-day simple moving average of $39.02 and a 200 day simple moving average of $37.86. Exelon has a fifty-two week low of $33.35 and a fifty-two week high of $41.42. The company has a market cap of $37.05 billion, a PE ratio of 15.17, a P/E/G ratio of 2.62 and a beta of 0.54.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The business had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter last year, the business posted $0.67 EPS. The business’s revenue was up 2.9% on a year-over-year basis. On average, sell-side analysts anticipate that Exelon will post 2.45 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. American National Bank & Trust raised its holdings in Exelon by 178.8% during the 3rd quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after buying an additional 447 shares during the period. Abound Wealth Management increased its position in shares of Exelon by 502.7% in the second quarter. Abound Wealth Management now owns 892 shares of the company’s stock worth $31,000 after acquiring an additional 744 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Exelon during the third quarter valued at approximately $32,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Exelon during the second quarter valued at approximately $41,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Exelon in the 2nd quarter valued at approximately $57,000. Institutional investors own 80.92% of the company’s stock.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.