Guggenheim Forecasts Strong Price Appreciation for Exelon (NASDAQ:EXC) Stock

Exelon (NASDAQ:EXC) had its price objective raised by Guggenheim from $47.00 to $50.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Guggenheim’s price objective points to a potential upside of 7.57% from the stock’s current price.

A number of other analysts also recently weighed in on EXC. Scotiabank upped their price target on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. UBS Group lifted their price target on shares of Exelon from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, March 21st. BMO Capital Markets increased their price objective on shares of Exelon from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, April 28th. Morgan Stanley upped their price objective on Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Finally, Barclays upped their price target on shares of Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $48.22.

Exelon Stock Down 0.3 %

EXC opened at $46.48 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. The stock has a fifty day moving average of $45.06 and a 200-day moving average of $41.27. Exelon has a fifty-two week low of $34.01 and a fifty-two week high of $48.11. The company has a market capitalization of $46.92 billion, a P/E ratio of 18.97, a P/E/G ratio of 2.86 and a beta of 0.39.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.06. The business had revenue of $6.71 billion during the quarter, compared to analysts’ expectations of $6.30 billion. Exelon had a return on equity of 9.52% and a net margin of 10.68%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 earnings per share. On average, equities analysts expect that Exelon will post 2.64 EPS for the current year.

Insider Activity at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total transaction of $59,353.91. Following the transaction, the executive vice president now owns 2,271 shares in the company, valued at approximately $92,134.47. This represents a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Exelon

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameriflex Group Inc. bought a new stake in Exelon during the fourth quarter worth $25,000. Millstone Evans Group LLC bought a new stake in shares of Exelon in the 4th quarter worth $28,000. Stephens Consulting LLC raised its holdings in shares of Exelon by 78.1% in the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock valued at $29,000 after purchasing an additional 343 shares during the last quarter. Brown Lisle Cummings Inc. bought a new position in shares of Exelon during the 4th quarter worth approximately $30,000. Finally, Crews Bank & Trust purchased a new position in shares of Exelon in the 4th quarter worth approximately $34,000. 80.92% of the stock is owned by institutional investors.

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.