In a report released today, Paul Ridzon from KeyBanc maintained a Buy rating on Exelon (NYSE: EXC), with a price target of $46. The company’s shares closed yesterday at $44.33, close to its 52-week high of $44.44.
According to TipRanks.com, Ridzon is a 4-star analyst with an average return of 11.9% and a 90.5% success rate. Ridzon covers the Utilities sector, focusing on stocks such as American Electric Power, Mdu Resources Group Inc, and NextEra Energy Inc.
Currently, the analyst consensus on Exelon is a Moderate Buy with an average price target of $46.
See today’s analyst top recommended stocks >>
Based on Exelon’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $8.33 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
