Exelon Corp. Downgraded to “Sector Perform” at RBC Capital (EXC)
Exelon Corp. (NYSE:EXC) was downgraded by investment analysts at RBC Capital from an “outperform” rating to a “sector perform” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. They currently have a $33.00 price target on the stock, down from their previous price target of $34.00. RBC Capital’s target price would suggest a potential upside of 6.38% from the stock’s previous close.
Shares of Exelon Corp. (NYSE:EXC) traded up 2.24% on Wednesday, hitting $31.02. 7,667,019 shares of the company’s stock traded hands. Exelon Corp. has a one year low of $28.40 and a one year high of $37.80. The stock has a 50-day moving average of $30.52 and a 200-day moving average of $32.53. The company has a market cap of $26.571 billion and a price-to-earnings ratio of 22.34.
Exelon Corp. (NYSE:EXC) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.53 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.54 by $0.01. The company had revenue of $6.14 billion for the quarter, compared to the consensus estimate of $6.15 billion. During the same quarter in the prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Analysts expect that Exelon Corp. will post $2.45 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Wunderlich cut their price target on shares of Exelon Corp. (NYSE:EXC) from $37.00 to $33.00 in a research note to investors on Friday, August 2nd. Separately, analysts at Deutsche Bank cut their price target on shares of Exelon Corp. (NYSE:EXC) from $33.00 to $32.00 in a research note to investors on Friday, August 2nd. They now have a “hold” rating on the stock. Finally, analysts at BMO Capital Markets cut their price target on shares of Exelon Corp. (NYSE:EXC) from $36.00 to $32.00 in a research note to investors on Friday, August 2nd. They now have a “market perform” rating on the stock.
One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and two have assigned a buy rating to the company’s stock. Exelon Corp. presently has a consensus rating of “Hold” and an average price target of $34.21.
Exelon Corporation (NYSE:EXC) is an energy provider and holding company for several energy businesses.
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