Exelon (NASDAQ:EXC) Earns “Outperform” Rating from Credit Suisse Group

Exelon (NASDAQ:EXC)‘s stock had its “outperform” rating reaffirmed by stock analysts at Credit Suisse Group in a report released on Tuesday, Benzinga reports.

A number of other research analysts have also issued reports on EXC. Argus lifted their target price on Exelon from $42.00 to $45.00 and gave the company a “buy” rating in a report on Friday, December 11th. Bank of America upgraded Exelon from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 6th. Guggenheim downgraded Exelon from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $46.00 to $42.00 in a research report on Monday, October 26th. Mizuho reduced their target price on shares of Exelon from $37.00 to $36.00 and set an “underperform” rating on the stock in a report on Thursday, November 19th. Finally, Morgan Stanley lowered their price target on shares of Exelon from $59.00 to $56.00 and set an “overweight” rating for the company in a report on Tuesday, December 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $45.00.

NASDAQ:EXC opened at $40.60 on Tuesday. Exelon has a 52 week low of $29.28 and a 52 week high of $50.47. The company has a fifty day simple moving average of $42.48 and a two-hundred day simple moving average of $42.04. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 1.02. The company has a market cap of $39.61 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 5.31 and a beta of 0.41.

Several large investors have recently modified their holdings of the company. Retirement Group LLC purchased a new stake in shares of Exelon during the 4th quarter worth approximately $56,000. UBS Oconnor LLC acquired a new stake in Exelon during the 4th quarter worth $2,421,000. JPMorgan Chase & Co. raised its stake in Exelon by 141.8% during the 4th quarter. JPMorgan Chase & Co. now owns 3,621,018 shares of the company’s stock worth $152,880,000 after acquiring an additional 2,123,316 shares in the last quarter. Albion Financial Group UT purchased a new stake in Exelon in the fourth quarter valued at $25,000. Finally, National Pension Service boosted its stake in Exelon by 3.8% in the fourth quarter. National Pension Service now owns 1,377,190 shares of the company’s stock valued at $58,145,000 after acquiring an additional 50,130 shares in the last quarter. Institutional investors and hedge funds own 76.59% of the company’s stock.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in the generation and marketing of energy in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, 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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Analyst Recommendations for Exelon (NASDAQ:EXC)

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