Emera (TSE:EMA) Price Target Raised to C$75.00

Emera (TSE:EMA) had its target price lifted by TD Securities from C$74.00 to C$75.00 in a report issued on Tuesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Other research analysts also recently issued research reports about the stock. Royal Bank Of Canada lifted their price target on shares of Emera from C$70.00 to C$76.00 in a research note on Monday, November 10th. National Bank Financial upped their price target on Emera from C$63.00 to C$67.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 17th. BMO Capital Markets upped their target price on shares of Emera from C$68.00 to C$72.00 in a research report on Monday, November 10th. Scotiabank increased their price objective on shares of Emera from C$72.00 to C$78.00 in a research note on Tuesday, December 16th. Finally, Canadian Imperial Bank of Commerce raised their price target on Emera from C$71.00 to C$72.00 in a research report on Monday, November 10th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Emera currently has a consensus rating of “Moderate Buy” and an average target price of C$71.72.

Emera Stock Down 0.5%

Shares of EMA opened at C$69.62 on Tuesday. The company has a quick ratio of 0.23, a current ratio of 0.72 and a debt-to-equity ratio of 150.23. The stock has a fifty day simple moving average of C$68.12 and a two-hundred day simple moving average of C$67.08. Emera has a 52-week low of C$56.59 and a 52-week high of C$71.86. The company has a market capitalization of C$21.01 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 6.20 and a beta of 0.59.

Emera (TSE:EMA) last released its quarterly earnings results on Monday, February 23rd. The company reported C$1.48 earnings per share for the quarter. Emera had a return on equity of 6.06% and a net margin of 10.51%.The business had revenue of C$2.01 billion during the quarter. As a group, equities analysts forecast that Emera will post 3.1991627 EPS for the current year.

Insider Transactions at Emera

In related news, Director Scott Carlyle Balfour sold 10,000 shares of the stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of C$67.75, for a total transaction of C$677,500.00. Following the sale, the director owned 7,733 shares in the company, valued at C$523,910.75. This represents a 56.39% decrease in their ownership of the stock. Also, insider Daniel Muldoon sold 8,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of C$67.00, for a total value of C$536,000.00. Following the completion of the sale, the insider owned 2,378 shares in the company, valued at C$159,326. The trade was a 77.09% decrease in their ownership of the stock. Company insiders own 0.09% of the company’s stock.

Emera Company Profile

Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.