Emera (TSE:EMA) PT Raised to C$54.00

Emera (TSE:EMA) had its price objective raised by research analysts at National Bank Financial from C$52.00 to C$54.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price would suggest a potential downside of 4.27% from the company’s current price.

Several other brokerages also recently weighed in on EMA. Raymond James raised their target price on Emera from C$50.00 to C$56.00 in a research note on Friday, July 26th. BMO Capital Markets downgraded Emera from an “outperform” rating to a “market perform” rating and set a C$55.00 target price for the company. in a research note on Tuesday. TD Securities raised their target price on Emera from C$55.00 to C$59.00 and gave the company a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. raised their target price on Emera from C$45.00 to C$49.00 in a research note on Monday, April 15th. Finally, Royal Bank of Canada raised their target price on Emera from C$56.00 to C$59.00 and gave the company an “outperform” rating in a research note on Monday, May 13th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of C$54.10.

TSE:EMA traded up C$0.47 during mid-day trading on Tuesday, hitting C$56.41. The company had a trading volume of 871,897 shares, compared to its average volume of 832,526. The business has a fifty day simple moving average of C$54.36. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 187.67. Emera has a 1 year low of C$38.09 and a 1 year high of C$56.49. The company has a market capitalization of $13.23 billion and a price-to-earnings ratio of 17.62.

Emera (TSE:EMA) last announced its earnings results on Friday, May 10th. The company reported C$0.95 earnings per share for the quarter, beating the consensus estimate of C$0.84 by C$0.11. The business had revenue of C$1.82 billion for the quarter, compared to analyst estimates of C$1.77 billion. As a group, sell-side analysts forecast that Emera will post 2.8800002 EPS for the current year.

About Emera

Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company is also involved in gas transmission and utility energy services businesses; and the provision of energy marketing, trading, and other energy asset management services.

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Analyst Recommendations for Emera (TSE:EMA)

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