Emera (TSE:EMA) PT Lowered to C$51.00 at CIBC

Emera (TSE:EMA) had its price objective lowered by equities researchers at CIBC from C$53.00 to C$51.00 in a report issued on Friday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price objective suggests a potential upside of 9.21% from the company’s current price.

A number of other research analysts have also weighed in on the company. Royal Bank of Canada cut their price objective on Emera from C$62.00 to C$60.00 and set an “outperform” rating on the stock in a report on Tuesday, February 27th. TD Securities decreased their price target on Emera from C$62.00 to C$57.00 and set a “buy” rating for the company in a report on Tuesday, February 27th. National Bankshares dropped their price target on shares of Emera from C$50.00 to C$49.00 in a research report on Tuesday, February 27th. JPMorgan Chase & Co. lowered their target price on shares of Emera from C$50.00 to C$48.00 and set an “underweight” rating on the stock in a research note on Monday, January 22nd. Finally, Raymond James reduced their price target on Emera from C$59.00 to C$55.00 in a report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$55.00.

Emera Stock Up 0.6 %

Shares of Emera stock traded up C$0.30 on Friday, reaching C$46.70. The stock had a trading volume of 275,226 shares, compared to its average volume of 1,157,987. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 164.26. The stock has a market capitalization of C$13.35 billion, a P/E ratio of 13.13, a P/E/G ratio of 2.77 and a beta of 0.28. The company has a 50 day moving average price of C$47.59 and a 200 day moving average price of C$48.12. Emera has a 1 year low of C$43.67 and a 1 year high of C$59.52.

Emera (TSE:EMA) last released its quarterly earnings results on Monday, February 26th. The company reported C$0.63 EPS for the quarter, missing analysts’ consensus estimates of C$0.71 by C($0.08). Emera had a net margin of 13.80% and a return on equity of 8.88%. The business had revenue of C$1.97 billion during the quarter, compared to analysts’ expectations of C$1.97 billion. As a group, equities research analysts forecast that Emera will post 3.2788927 EPS for the current year.

Emera Company Profile

Emera Incorporated, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.