Raymond James Reaffirms Market Perform Rating for Emera (TSE:EMA)

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Raymond James reiterated their market perform rating on shares of Emera (TSE:EMA) in a research report released on Monday morning, BayStreet.CA reports. Raymond James currently has a C$56.00 price target on the stock.

A number of other analysts have also recently issued reports on the company. National Bank Financial raised their price objective on Emera from C$54.00 to C$55.00 and gave the company a sector perform rating in a research report on Monday. CSFB raised their price objective on Emera from C$50.00 to C$56.00 and gave the company a neutral rating in a research report on Thursday, July 25th. BMO Capital Markets raised their price objective on Emera from C$55.00 to C$57.00 in a research report on Monday, September 9th. Royal Bank of Canada raised their price objective on Emera from C$59.00 to C$62.00 in a research report on Wednesday, August 21st. Finally, TD Securities raised their price objective on Emera from C$55.00 to C$59.00 and gave the company a buy rating in a research report on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of C$55.60.

Shares of EMA traded up C$0.45 during mid-day trading on Monday, reaching C$53.71. The company’s stock had a trading volume of 1,071,116 shares, compared to its average volume of 978,319. Emera has a 1-year low of C$41.73 and a 1-year high of C$58.89. The stock has a market cap of $12.71 billion and a P/E ratio of 18.24. The business has a 50-day simple moving average of C$55.98 and a two-hundred day simple moving average of C$54.60. The company has a current ratio of 0.59, a quick ratio of 0.38 and a debt-to-equity ratio of 183.15.

Emera (TSE:EMA) last released its quarterly earnings data on Monday, August 12th. The company reported C$0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.55 by C($0.01). The firm had revenue of C$1.38 billion during the quarter, compared to the consensus estimate of C$1.53 billion. Research analysts anticipate that Emera will post 2.8599999 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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