Analysts Set Emera Incorporated (TSE:EMA) Price Target at C$71.72

Emera Incorporated (TSE:EMA) has been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$71.72.

A number of equities research analysts recently commented on EMA shares. TD Securities raised their price objective on shares of Emera from C$74.00 to C$75.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Royal Bank Of Canada boosted their target price on Emera from C$70.00 to C$76.00 in a research report on Monday, November 10th. Desjardins increased their target price on Emera from C$68.00 to C$69.00 and gave the stock a “hold” rating in a research note on Tuesday, February 24th. Canadian Imperial Bank of Commerce raised their price target on Emera from C$71.00 to C$72.00 in a report on Monday, November 10th. Finally, National Bank Financial lifted their price target on Emera from C$67.00 to C$68.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 24th.

Insider Buying and Selling at Emera

In other news, insider Daniel Muldoon sold 8,000 shares of the stock in a transaction dated 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 transaction, the insider owned 2,378 shares in the company, valued at C$159,326. This trade represents a 77.09% decrease in their position. Also, Director Scott Carlyle Balfour sold 10,000 shares of the firm’s 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 completion of the sale, the director owned 7,733 shares of the company’s stock, valued at C$523,910.75. This trade represents a 56.39% decrease in their position. 0.09% of the stock is currently owned by insiders.

Emera Stock Down 0.4%

Shares of Emera stock opened at C$70.84 on Thursday. Emera has a one year low of C$56.59 and a one year high of C$71.86. The company has a market cap of C$21.38 billion, a P/E ratio of 20.96, a PEG ratio of 6.20 and a beta of 0.64. The company has a debt-to-equity ratio of 161.69, a quick ratio of 0.23 and a current ratio of 0.66. The firm has a fifty day moving average of C$68.66 and a two-hundred day moving average of C$67.34.

Emera (TSE:EMA) last issued its earnings results on Monday, February 23rd. The company reported C$1.48 earnings per share for the quarter. Emera had a net margin of 13.11% and a return on equity of 8.11%. The business had revenue of C$2.01 billion for the quarter. On average, analysts forecast that Emera will post 3.1991627 earnings per share for the current year.

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.