uploads///Exc stk

Exelon Stock Has Risen 18% This Year—What’s Next?

By

Dec. 7 2018, Published 11:38 a.m. ET

Exelon

In this series, we’re looking at the top ten S&P 500 utilities by market capitalization. Exelon (EXC), valued at $45.4 billion, is the fifth-biggest utility by market capitalization. The company has a huge exposure to competitive operations, which makes its earnings and stock less stable. Exelon has been one of the top gainers this year, rising more than 18%.

Article continues below advertisement

Valuation

Exelon stock’s forward PE multiple is 15x, lower than many of its peers’ and its five-year average of ~17x. Exelon’s earnings have grown strongly this year, with its EPS growing 18% year-over-year in the first nine months. However, analysts expect slower EPS growth next year.

Analysts’ views

Analysts’ median target price of $47.30 for Exelon suggests it could stay flat based on its current price of $46.90. Of the 20 analysts tracking Exelon, four recommend “strong buy,” eight recommend “buy,” and eight recommend “hold.” None recommend “sell.” SunTrust Robinson raised EXC’s target price from $46 to $48 on December 3.

Advertisement

More From Market Realist

  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market RealistLogo
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.