Emera Incorporated (TSE:EMA) Receives C$73.39 Consensus Target Price from Analysts
by Doug Wharley · The Cerbat GemEmera Incorporated (TSE:EMA – Get Free Report) has been assigned an average rating of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$73.39.
EMA has been the topic of several recent analyst reports. TD Securities increased their target price on Emera from C$74.00 to C$75.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Desjardins lifted their price target on Emera from C$68.00 to C$69.00 and gave the stock a “hold” rating in a report on Tuesday, February 24th. National Bank Financial upped their price objective on Emera from C$67.00 to C$68.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 24th. Raymond James Financial increased their price objective on Emera from C$73.00 to C$74.50 and gave the company an “outperform” rating in a report on Tuesday, February 24th. Finally, Bank of America boosted their target price on Emera from C$73.00 to C$74.00 in a research note on Wednesday, April 8th.
Check Out Our Latest Stock Analysis on Emera
Emera Stock Performance
EMA opened at C$71.87 on Friday. Emera has a 12 month low of C$59.02 and a 12 month high of C$74.80. The stock has a market capitalization of C$21.98 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 6.20 and a beta of 0.54. The company has a debt-to-equity ratio of 161.69, a current ratio of 0.66 and a quick ratio of 0.23. The business has a fifty day moving average price of C$71.53 and a 200 day moving average price of C$68.96.
Emera (TSE:EMA – Get Free Report) last posted its quarterly earnings results on Monday, February 23rd. The company reported C$0.55 earnings per share (EPS) for the quarter. Emera had a return on equity of 8.11% and a net margin of 13.11%.The company had revenue of C$2.01 billion for the quarter. Sell-side analysts expect that Emera will post 3.1991627 earnings per share for the current fiscal year.
About Emera
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.