Mizuho Securities analyst Paul Fremont reiterated a Hold rating on Exelon (NYSE: EXC) yesterday and set a price target of $40. The company’s shares closed yesterday at $42.61, close to its 52-week high of $43.20.
According to TipRanks.com, Fremont is a 4-star analyst with an average return of 5.6% and a 69.2% success rate. Fremont covers the Utilities sector, focusing on stocks such as Public Service Enterprise, El Paso Electric Company, and American Electric Power.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Exelon with a $45.40 average price target, implying a 6.5% upside from current levels. In a report issued on July 24, Scotiabank also initiated coverage with a Hold rating on the stock with a $47 price target.
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Based on Exelon’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $8.08 billion and net profit of $539 million. In comparison, last year the company earned revenue of $7.82 billion and had a net profit of $80 million.
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Exelon Corp. operates as a utility services holding company, which engages in the energy generation, power marketing, and energy delivery business. The company operates through the following segments: Mid Atlantic, Midwest, New England, New York, ERCOT and other Power Regions.
