Emera (TSE:EMA) PT Lowered to C$48.00

Emera (TSE:EMA) had its price target cut by investment analysts at National Bankshares from C$50.00 to C$48.00 in a report issued on Tuesday, BayStreet.CA reports. National Bankshares’ price target indicates a potential upside of 8.72% from the company’s previous close.

EMA has been the topic of several other reports. CIBC reduced their price objective on shares of Emera from C$53.00 to C$51.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. BMO Capital Markets boosted their price objective on shares of Emera from C$36.00 to C$37.00 and gave the company an “outperform” rating in a report on Thursday, May 30th. Wells Fargo & Company boosted their price objective on shares of Emera from C$49.00 to C$53.00 and gave the company an “equal weight” rating in a report on Tuesday, May 14th. Raymond James reduced their price objective on shares of Emera from C$55.00 to C$54.00 in a report on Thursday, April 25th. Finally, TD Securities dropped their target price on Emera from C$57.00 to C$54.00 and set a “buy” rating for the company in a research report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$50.78.

Emera Trading Down 3.3 %

Shares of TSE EMA traded down C$1.50 during trading on Tuesday, hitting C$44.15. 583,495 shares of the company were exchanged, compared to its average volume of 1,196,745. Emera has a 12-month low of C$43.67 and a 12-month high of C$55.74. The company has a debt-to-equity ratio of 160.58, a quick ratio of 0.23 and a current ratio of 0.73. The company has a fifty day moving average price of C$47.24 and a 200-day moving average price of C$48.00. The firm has a market capitalization of C$12.65 billion, a PE ratio of 19.84, a P/E/G ratio of 2.77 and a beta of 0.28.

Emera (TSE:EMA) last issued its quarterly earnings data on Monday, May 13th. The company reported C$0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.79 by C($0.03). The company had revenue of C$2.02 billion during the quarter, compared to analysts’ expectations of C$2.04 billion. Emera had a net margin of 9.69% and a return on equity of 5.71%. As a group, equities research analysts expect that Emera will post 3.0053635 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.