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Exelon (EXC) Received its Third Buy in a Row

After Morgan Stanley and KeyBanc gave Exelon (NASDAQ: EXC) a Buy rating last month, the company received another Buy, this time from J.P. Morgan. Analyst Jeremy Tonet maintained a Buy rating on Exelon yesterday and set a price target of $53.00. The company’s shares closed last Monday at $46.87.

According to TipRanks.com, Tonet is a 4-star analyst with an average return of 7.2% and a 59.3% success rate. Tonet covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Cheniere Energy Partners, and Dcp Midstream Partners.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Exelon with a $50.10 average price target, representing a 6.9% upside. In a report issued on May 10, Evercore ISI also maintained a Buy rating on the stock with a $50.00 price target.

See today’s best-performing stocks on TipRanks >>

The company has a one-year high of $50.71 and a one-year low of $31.21. Currently, Exelon has an average volume of 7.67M.

Based on the recent corporate insider activity of 94 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EXC in relation to earlier this year.

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.

Illinois-based Exelon Corp. is a utility company, which is engaged in power generation, competitive energy sales, transmission and delivery in the United States and Canada. The company operates through five business units including, ComEd, PECO, BGE, PHI, and Generation.

Read More on EXC:

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