Exelon Corp. Price Target Raised to $30.00 at BMO Capital Markets (EXC)
Analysts at BMO Capital Markets hoisted their price objective on shares of Exelon Corp. (NYSE:EXC) from $29.00 to $30.00 in a research report issued to clients and investors on Friday, Stock Ratings Network reports. BMO Capital Markets’ price objective indicates a potential upside of 1.90% from the stock’s previous close.
Shares of Exelon Corp. (NYSE:EXC) traded down 0.17% on Friday, hitting $29.44. The stock had a trading volume of 9,390,546 shares. Exelon Corp. has a 52-week low of $26.45 and a 52-week high of $37.80. The stock’s 50-day moving average is $27.73 and its 200-day moving average is $28.97. The company has a market cap of $25.227 billion and a price-to-earnings ratio of 15.82.
Exelon Corp. (NYSE:EXC) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.58 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.53 by $0.05. The company had revenue of $6.18 billion for the quarter, compared to the consensus estimate of $5.63 billion. During the same quarter last year, the company posted $0.64 earnings per share. Exelon Corp.’s revenue was down 1.3% compared to the same quarter last year. Analysts expect that Exelon Corp. will post $2.29 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 10th. Shareholders of record on Friday, February 14th will be given a dividend of 0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend is Wednesday, February 12th.
A number of other analysts have also recently weighed in on EXC. Analysts at Zacks reiterated a “neutral” rating on shares of Exelon Corp. in a research note to investors on Tuesday. They now have a $30.00 price target on the stock. Separately, analysts at Bank of America Corp. downgraded shares of Exelon Corp. to an “underperform” rating in a research note to investors on Friday, January 3rd. Finally, analysts at Bank of America Corp. downgraded shares of Exelon Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, January 3rd. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. Exelon Corp. currently has an average rating of “Hold” and a consensus price target of $31.09.
Exelon Corporation (NYSE:EXC) is an energy provider and holding company for several energy businesses.
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