SunTrust Robinson Reaffirms Their Buy Rating on Exelon

By Ryan Adsit

SunTrust Robinson analyst Ali Agha reiterated a Buy rating on Exelon (NYSE: EXC) on October 9 and set a price target of $41. The company’s shares opened today at $38.40, close to its 52-week high of $38.88.

According to TipRanks.com, Agha is a 4-star analyst with an average return of 8.1% and a 77.1% success rate. Agha covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, American Electric Power, and Great Plains Energy Inc.

Currently, the analyst consensus on Exelon is Moderate Buy and the average price target is $40.19, representing a 4.7% upside.

In a report released yesterday, Jefferies also reiterated a Buy rating on the stock with a $43.50 price target.

Exelon’s market cap is currently $36.92B and has a P/E ratio of 20.14. The company has a book value ratio of 1.3405.

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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: ComEd, PECO, BGE, Generation’s Mid Atlantic, Midwest, New England, New York, ERCOT and other regions in Generation.