TD Issues Pessimistic Forecast for Emera (TSE:EMA) Stock Price

Emera (TSE:EMA) had its price objective dropped by TD from C$79.00 to C$75.00 in a report issued on Wednesday, BayStreet reports. The firm currently has a “buy” rating on the stock. TD’s price target indicates a potential upside of 15.07% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Desjardins boosted their price objective on shares of Emera from C$70.00 to C$74.00 and gave the company a “hold” rating in a research report on Monday, July 20th. Barclays lowered their target price on Emera from C$74.00 to C$71.00 in a research report on Monday, August 10th. Scotiabank boosted their price target on Emera from C$78.00 to C$80.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. upped their price target on Emera from C$73.00 to C$79.00 in a research report on Tuesday, July 21st. Finally, BMO Capital Markets raised their price objective on Emera from C$76.00 to C$80.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Emera has a consensus rating of “Moderate Buy” and a consensus price target of C$76.33.

Emera Stock Performance

Shares of TSE:EMA traded down C$1.13 during trading on Wednesday, hitting C$65.18. The company’s stock had a trading volume of 1,254,500 shares, compared to its average volume of 1,212,819. The company has a debt-to-equity ratio of 153.87, a current ratio of 0.73 and a quick ratio of 0.23. The firm has a market cap of C$20.02 billion, a price-to-earnings ratio of 20.69, a P/E/G ratio of 6.20 and a beta of 0.42. The company has a 50-day moving average of C$70.00 and a 200-day moving average of C$72.09. Emera has a 12 month low of C$64.79 and a 12 month high of C$77.99.

Emera (TSE:EMA) last announced its earnings results on Friday, August 7th. The company reported C$0.69 earnings per share (EPS) for the quarter. Emera had a net margin of 12.85% and a return on equity of 7.51%. The company had revenue of C$2.01 billion during the quarter. On average, sell-side analysts expect that Emera will post 3.1991627 earnings per share for the current year.

About Emera

Emera (TSX/NYSE: EMA) is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.7 million customers in the United States, Canada and the Caribbean. Our team of 7,800 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera’s common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange.