Emera (TSE:EMA)‘s stock had its “average” rating reaffirmed by analysts at Royal Bank of Canada in a report issued on Wednesday. They presently have a C$53.00 target price on the stock, up from their prior target price of C$50.00. Royal Bank of Canada’s price target indicates a potential upside of 13.93% from the company’s current price.
Several other equities research analysts have also recently weighed in on EMA. CIBC reduced their price target on shares of Emera from C$47.00 to C$45.00 in a research report on Wednesday, October 24th. BMO Capital Markets reduced their price target on shares of Emera from C$48.00 to C$47.00 and set a “buy” rating on the stock in a research report on Friday, November 9th. TD Securities boosted their price target on shares of Emera from C$47.00 to C$48.00 and gave the stock a “buy” rating in a research report on Monday, November 12th. National Bank Financial boosted their price target on shares of Emera from C$43.00 to C$44.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 27th. Finally, UBS Group upgraded shares of Emera from a “neutral” rating to a “buy” rating and boosted their price target for the stock from C$42.00 to C$51.00 in a research report on Thursday, November 29th. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of C$48.09.
Get Emera alerts:Shares of EMA opened at C$46.52 on Wednesday. Emera has a fifty-two week low of C$38.09 and a fifty-two week high of C$46.77. The firm has a market capitalization of $10.81 billion and a P/E ratio of 42.52. The company has a current ratio of 0.56, a quick ratio of 0.38 and a debt-to-equity ratio of 201.50.
Emera (TSE:EMA) last announced its quarterly earnings results on Tuesday, February 19th. The company reported C$0.71 earnings per share for the quarter, topping the consensus estimate of C$0.63 by C$0.08. The business had revenue of C$1.80 billion during the quarter, compared to the consensus estimate of C$1.61 billion. As a group, analysts anticipate that Emera will post 2.83000010971844 EPS for the current year.
In other Emera news, insider Wayne David O’connor sold 7,100 shares of Emera stock in a transaction on Wednesday, December 12th. The shares were sold at an average price of C$44.37, for a total transaction of C$315,027.00.
Emera Company Profile
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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