Exelon Rating Increased to Market Perform at Wells Fargo & Co. (EXC)
Exelon (NYSE:EXC) was upgraded by stock analysts at Wells Fargo & Co. from an “underperform” rating to a “market perform” rating in a report issued on Thursday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “sell” rating on shares of Exelon in a research note on Thursday, April 24th. They now have a $27.00 price target on the stock. Separately, analysts at Edward Jones downgraded shares of Exelon from a “hold” rating to a “sell” rating in a research note on Wednesday, April 23rd. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Exelon in a research note on Wednesday, April 23rd. They now have a $34.00 price target on the stock. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Exelon has an average rating of “Hold” and a consensus price target of $31.93.
Exelon (NYSE:EXC) traded up 2.74% on Thursday, hitting $35.99. 14,724,492 shares of the company’s stock traded hands. Exelon has a 52-week low of $26.45 and a 52-week high of $36.69. The stock’s 50-day moving average is $34.02 and its 200-day moving average is $29.83. The company has a market cap of $30.859 billion and a price-to-earnings ratio of 17.51. Exelon also saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 34,731,875 shares, a decrease of 12.3% from the March 31st total of 39,593,893 shares. Approximately 4.1% of the shares of the stock are sold short. Based on an average daily volume of 7,827,421 shares, the short-interest ratio is currently 4.4 days.
Exelon (NYSE:EXC) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.62 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.69 by $0.07. The company had revenue of $7.24 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. Analysts expect that Exelon will post $2.38 EPS for the current fiscal year.
Exelon Corporation (NYSE:EXC) is an energy provider and holding company for several energy businesses.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.