Highlights

Exelon PT Raised to $37.50 at Jefferies Group (EXC)

 Source: ABMN   |   Publish date: Fri, 30 May 06:48   |    >> Read article in News website

Equities researchers at Jefferies Group hoisted their price objective on shares of Exelon (NYSE:EXC) from $29.00 to $37.50 in a research report issued on Friday. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target would suggest a potential upside of 3.99% from the stock’s previous close.

A number of other analysts have also recently weighed in on EXC. 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. Separately, 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. Finally, analysts at Ned Davis Research upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. Exelon has a consensus rating of “Hold” and a consensus target price of $32.90.

Shares of Exelon (NYSE:EXC) opened at 36.06 on Friday. Exelon has a 52 week low of $26.45 and a 52 week high of $36.84. The stock’s 50-day moving average is $35.51 and its 200-day moving average is $30.77. The company has a market cap of $30.965 billion and a price-to-earnings ratio of 17.09.

Exelon (NYSE:EXC) last released its earnings data on Wednesday, April 30th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the 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 previous 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 3.44%. The ex-dividend date of this dividend is Wednesday, May 14th.

Exelon Corporation (NYSE:EXC) is an energy provider and holding company for several energy businesses.

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