Market Update (NYSE:EXC): Dan Eggers Joins Exelon as Senior Vice President of Investor Relations

[Business Wire] – Exelon today announced that it has named Daniel L. Eggers as senior vice president of investor relations effective March 29. Eggers joins Exelon from Credit Suisse’s investment banking division, where he was an analyst covering Exelon and led the U.S. Read more on this. Exelon Corporation (EXC) , currently valued at $30.43B, started trading this morning at $32.37. Looking at today’s trading action, the company’s one day range from $32.02 to $33.10 with its 52-week range being $25.09 to $34.98. EXC shares are currently priced at 12.77x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.03x forward p/e ratio. And for passive income investors, the company pays shareholders $1.24 per share annually in dividends, yielding 3.91%. In a review of the consensus earnings estimate this quarter, 6 sell-side analysts are looking at $0.74 per share, which would be $0.03 better than the year-ago quarter and a $0.03 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.53 would be a $0.04 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $6.00 Billion. If realized, that would be a 30.56% decrease over the year-ago quarter. More recently, Citigroup downgraded EXC from Neutral to Sell (Feb 23, 2016). Previously, Citigroup upgraded EXC from Sell to Neutral. With the above information in mind, readers should note that the average price target is $34.00, which is 5.04% above where the stock opened this morning. See more in (NYSE:EXC) Similar Articles: Market Update: Exelon Corporation (NYSE:EXC) – Exelon Corporation Declares Dividend Market Update: Exelon Corporation (NYSE:EXC) – Exelon Posts EEI Financial Conference Presentation Market Update: Exelon Corporation (NYSE:EXC) – Exelon and Pepco Holdings File for Reconsideration of Their Merger