Exelon Upgraded to “Buy” at Credit Suisse (EXC)
Exelon (NYSE:EXC) was upgraded by research analysts at Credit Suisse from a “hold” rating to a “buy” rating in a report released on Tuesday. The firm currently has a $42.50 target price on the stock, up from their previous target price of $36.11. Credit Suisse’s price target suggests a potential upside of 17.70% from the company’s current price.
EXC has been the subject of a number of other recent research reports. Analysts at Jefferies Group upgraded shares of Exelon from a “hold” rating to a “buy” rating in a research note on Tuesday. They now have a $42.50 price target on the stock, up previously from $37.50. Separately, analysts at Macquarie reiterated a “neutral” rating on shares of Exelon in a research note on Tuesday, June 10th. They now have a $37.00 price target on the stock, up previously from $34.00. Five research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $33.86.
Shares of Exelon (NYSE:EXC) opened at 36.11 on Tuesday. Exelon has a one year low of $26.45 and a one year high of $37.73. The stock’s 50-day moving average is $35.8 and its 200-day moving average is $31.58. The company has a market cap of $31.008 billion and a price-to-earnings ratio of 16.96. Exelon also was the recipient of a large decrease in short interest in the month of May. As of May 30th, there was short interest totalling 24,975,630 shares, a decrease of 14.9% from the May 15th total of 29,349,036 shares. Currently, 2.9% of the company’s stock are short sold. Based on an average daily volume of 8,845,467 shares, the short-interest ratio is presently 2.8 days.
Exelon (NYSE:EXC) last issued its quarterly earnings data 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 $2.37 earnings per share for the current fiscal year.
Exelon Corporation (NYSE:EXC) is an energy provider and holding company for several energy businesses.
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