Exelon (NYSE:EXC) Price Target Cut to $39.00 by Analysts at Barclays

Exelon (NYSE:EXC) had its target price cut by analysts at Barclays from $50.00 to $39.00 in a research note issued on Thursday, BenzingaRatingsTable reports. The firm presently has an “overweight” rating on the energy giant’s stock. Barclays‘s price objective indicates a potential upside of 8.51% from the company’s previous close.

Several other research firms have also recently commented on EXC. Wells Fargo & Co boosted their target price on Exelon from $54.00 to $59.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. BMO Capital Markets started coverage on Exelon in a research report on Wednesday, February 19th. They set an “outperform” rating and a $56.00 target price for the company. Credit Suisse Group boosted their target price on Exelon from $50.00 to $52.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Argus reduced their target price on Exelon from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, March 19th. Finally, Citigroup reduced their target price on Exelon from $50.00 to $49.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Exelon currently has a consensus rating of “Buy” and a consensus price target of $51.08.

Exelon stock traded up $1.39 during midday trading on Thursday, hitting $35.94. 438,105 shares of the company’s stock were exchanged, compared to its average volume of 7,334,994. Exelon has a 52-week low of $29.28 and a 52-week high of $51.18. The stock has a 50-day moving average price of $43.57 and a two-hundred day moving average price of $45.53. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.77 and a current ratio of 0.90. The company has a market cap of $30.20 billion, a P/E ratio of 11.53, a PEG ratio of 4.50 and a beta of 0.26.

Exelon (NYSE:EXC) last posted its earnings results on Tuesday, February 11th. The energy giant reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.10. Exelon had a return on equity of 8.47% and a net margin of 6.43%. The business had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $7.24 billion. During the same period in the previous year, the business earned $0.58 earnings per share. The firm’s revenue was down 5.3% on a year-over-year basis. As a group, sell-side analysts expect that Exelon will post 3.14 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. LFA Lugano Financial Advisors SA purchased a new position in shares of Exelon in the 4th quarter worth about $27,000. Great Diamond Partners LLC bought a new stake in shares of Exelon in the 4th quarter valued at about $30,000. Ancora Advisors LLC bought a new stake in shares of Exelon in the 4th quarter valued at about $31,000. Citizens Financial Group Inc RI lifted its stake in shares of Exelon by 136.0% in the 4th quarter. Citizens Financial Group Inc RI now owns 715 shares of the energy giant’s stock valued at $32,000 after acquiring an additional 412 shares during the last quarter. Finally, McIlrath & Eck LLC bought a new stake in shares of Exelon in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 78.99% of the company’s stock.

About Exelon

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

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