BMO Capital Markets Raises Emera (TSE:EMA) Price Target to C$74.00

Emera (TSE:EMA) had its price target upped by investment analysts at BMO Capital Markets from C$72.00 to C$74.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 6.74% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Canadian Imperial Bank of Commerce increased their price target on shares of Emera from C$71.00 to C$72.00 in a research report on Monday, November 10th. Raymond James Financial lifted their target price on Emera from C$73.00 to C$74.50 and gave the stock an “outperform” rating in a report on Tuesday. Royal Bank Of Canada lifted their target price on shares of Emera from C$70.00 to C$76.00 in a research report on Monday, November 10th. TD Securities upped their target price on shares of Emera from C$74.00 to C$75.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Desjardins lifted their target price on Emera from C$68.00 to C$69.00 and gave the company a “hold” rating in a research report on Tuesday. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$71.72.

Emera Price Performance

Shares of EMA stock traded down C$0.80 during trading hours on Tuesday, reaching C$69.33. The stock had a trading volume of 309,223 shares, compared to its average volume of 1,464,986. Emera has a 12 month low of C$56.59 and a 12 month high of C$71.86. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23. The firm has a market capitalization of C$20.92 billion, a PE ratio of 19.00, a PEG ratio of 6.20 and a beta of 0.59. The stock’s fifty day simple moving average is C$67.94 and its 200 day simple moving average is C$67.02.

Emera (TSE:EMA) last posted its quarterly earnings data on Monday, February 23rd. The company reported C$1.48 earnings per share for the quarter. The company had revenue of C$2.01 billion for the quarter. Emera had a net margin of 10.51% and a return on equity of 6.06%. On average, equities research analysts predict that Emera will post 3.1991627 EPS for the current year.

Insider Transactions at Emera

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

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.