Exelon Stock Rating Reaffirmed by Macquarie (EXC)
Exelon (NYSE:EXC)‘s stock had its “neutral” rating restated by stock analysts at Macquarie in a report issued on Tuesday. They currently have a $37.00 target price on the stock, up from their previous target price of $34.00. Macquarie’s price target would suggest a potential downside of 0.22% from the stock’s previous close.
Exelon (NYSE:EXC) traded up 0.36% during mid-day trading on Tuesday, hitting $37.215. The stock had a trading volume of 1,840,344 shares. Exelon has a 52 week low of $26.45 and a 52 week high of $37.73. The stock has a 50-day moving average of $35.81 and a 200-day moving average of $31.26. The company has a market cap of $31.957 billion and a P/E ratio of 17.61.
Exelon (NYSE:EXC) last announced its 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. On average, analysts predict that Exelon will post $2.38 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, June 10th. Investors of record on Friday, May 16th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Wednesday, May 14th.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group upgraded shares of Exelon from an “underperform” rating to a “hold” rating in a research note on Friday, May 30th. They now have a $37.50 price target on the stock, up previously from $29.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Exelon in a research note on Thursday, May 22nd. They now have a $38.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Exelon in a research note on Thursday, May 15th. They now have a $37.00 price target on the stock. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $33.32.
Exelon Corporation (NYSE:EXC) is an energy provider and holding company for several energy businesses.
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