Market Update (NYSE:EXC): Support for Pepco Holdings-Exelon Merger Grows as More D.C. Community, Business and Faith Leaders Speak Out

[Business Wire] – More District of Columbia community, business, labor, nonprofit and faith leaders are voicing support for the Pepco Holdings-Exelon merger, which will bring increased reliability, sustainability and economic benefits to the region. Read more on this. Exelon Corporation (EXC) , currently valued at $32.17B, started the session at $34.86. Today, shares have traded between $34.55 and $35.00 per share with its 52-week range being $25.09 to $35.00. EXC shares are currently priced at 13.80x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.16x earnings multiple. The company pays shareholders $1.24 per share annually in dividends, yielding 3.58%. According to a consensus of 6 analysts, the earnings estimate of $0.75 per share would be $0.04 better than the year-ago quarter and a $0.02 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $2.52 would be a $0.03 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.92 Billion. If reported, that would be a 31.48% decrease over the year-ago quarter. In terms of ratings, Argus upgraded EXC from Hold to Buy (Mar 7, 2016). Previously, Citigroup downgraded EXC from Neutral to Sell. The average price target for EXC shares by the analysts covering it is $34.25, which is 1.75% below where the stock opened. See more in (NYSE:EXC) Similar Articles: Market Update: Exelon Corporation (NYSE:EXC) – Pepco Holdings and Exelon Make Filing to Provide Several Pathways to Secure Merger’s Significant Benefits for Pepco Customers Market Update: Exelon Corporation (NYSE:EXC) – More Than 40,000 District Residents Sign Petition in Support of the Pepco Holdings-Exelon Merger Company Update: Exelon Corporation (NYSE:EXC) – Community, Business Leaders Voice Support for Pepco Holdings-Exelon Merger as Good for D.C.