Scotiabank Lowers Exelon (NASDAQ:EXC) Price Target to $37.00

Exelon (NASDAQ:EXC) had its target price reduced by investment analysts at Scotiabank from $39.00 to $37.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target indicates a potential downside of 1.49% from the company’s previous close.

Several other equities research analysts have also recently commented on EXC. UBS Group cut Exelon from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $47.00 to $37.00 in a research note on Tuesday, January 2nd. Mizuho upgraded Exelon from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $36.00 to $39.00 in a report on Wednesday, January 10th. TheStreet lowered Exelon from a “b-” rating to a “c+” rating in a report on Wednesday, February 7th. Seaport Res Ptn lowered Exelon from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Finally, Wells Fargo & Company decreased their target price on Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a research report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $38.92.

Exelon Price Performance

Shares of EXC stock opened at $37.56 on Monday. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. Exelon has a twelve month low of $33.35 and a twelve month high of $43.71. The company has a market cap of $37.54 billion, a P/E ratio of 16.12, a P/E/G ratio of 2.74 and a beta of 0.54. The business has a fifty day simple moving average of $36.56 and a 200 day simple moving average of $37.10.

Exelon (NASDAQ:EXC) last issued its earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The business had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $3.87 billion. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 EPS. On average, sell-side analysts forecast that Exelon will post 2.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Exelon

Large investors have recently added to or reduced their stakes in the business. Heritage Wealth Advisors boosted its stake in Exelon by 247.5% during the fourth quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock valued at $25,000 after buying an additional 495 shares during the period. Register Financial Advisors LLC bought a new stake in Exelon during the first quarter valued at $26,000. Antonetti Capital Management LLC boosted its stake in Exelon by 98.8% during the third quarter. Antonetti Capital Management LLC now owns 805 shares of the company’s stock valued at $30,000 after buying an additional 400 shares during the period. Addison Advisors LLC lifted its stake in Exelon by 50.3% during the third quarter. Addison Advisors LLC now owns 825 shares of the company’s stock worth $31,000 after purchasing an additional 276 shares during the last quarter. Finally, Fortis Group Advisors LLC bought a new stake in Exelon during the third quarter worth about $31,000. Institutional investors own 80.92% of the company’s stock.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.