uploads///EXC anr

Exelon’s Price Targets and Wall Street’s Opinion


Nov. 20 2020, Updated 3:39 p.m. ET

Exelon Corporation

In this series, we’re analyzing analysts’ favorite stocks from the S&P 500 Utilities Index (XLU). We’ll look at Exelon (EXC) in this part. The largest utility by revenue, Exelon Corporation is currently tracked by 18 analysts. Five of them have recommended a “strong buy” for the stock, and nine have recommended a “buy.” Three rate the stock a “hold,” and one of them rates it a “sell” as of March 7.

According to analysts’ consensus, Exelon has a mean price target of $41.9 against its current market price of $37.2, which suggests an estimated upside of 13.0%.

Article continues below advertisement

Peer price targets

Exelon’s peer FirstEnergy’s (FE) stock has a mean price target of $35.9, which implies an estimated gain of $13% in a year. FirstEnergy is currently trading at a market price of $31.9.

Public Service Enterprise Group (PEG) stock currently offers a potential upside of 12% from its market price of $47.2. Wall Street analysts have given it a mean price target of 52.9.

Exelon stock has corrected more than 10% in the last three months. At the same time, broader utilities (XLU) have fallen nearly 13%.

As we discussed earlier in this series, utilities started trading weakly after peaking in November 2017. Overvaluation concerns, tax reforms, and interest rate hikes weighed on these defensives in this period. You can read about how institutional investors played out their utility holdings in The Top S&P 500 Utilities’ Institutional Activity in 4Q17.


More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.