Exelon Given Average Recommendation of “Hold” by Brokerages (NYSE:EXC)
Exelon (NYSE:EXC) has been given a consensus recommendation of “Hold” by the twenty brokerages that are currently covering the stock, American Banking News reports. Four analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $32.19.
Shares of Exelon (NYSE:EXC) opened at 31.56 on Monday. 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 $33.54 and a 200-day moving average of $33.15. The company has a market cap of $27.116 billion and a P/E ratio of 14.58.
Exelon (NYSE:EXC) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.51 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.51. The company had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. On average, analysts predict that Exelon will post $2.40 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors of record on Friday, August 15th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend is Wednesday, August 13th.
Several analysts have recently commented on the stock. Analysts at SunTrust reiterated a “neutral” rating on shares of Exelon in a research note on Monday. They now have a $32.00 price target on the stock, up previously from $31.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Exelon in a research note on Friday, August 1st. They now have a $33.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Exelon in a research note on Friday, August 1st. They now have a $36.00 price target on the stock.
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.