Emera (TSE:EMA) Price Target Raised to C$69.00

Emera (TSE:EMA) had its price objective boosted by Desjardins from C$68.00 to C$69.00 in a report published on Tuesday,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Several other equities research analysts have also recently commented on the stock. Canadian Imperial Bank of Commerce raised their target price on shares of Emera from C$71.00 to C$72.00 in a research report on Monday, November 10th. BMO Capital Markets raised their price objective on shares of Emera from C$68.00 to C$72.00 in a report on Monday, November 10th. Raymond James Financial lifted their price objective on Emera from C$73.00 to C$74.50 and gave the company an “outperform” rating in a research report on Tuesday. Royal Bank Of Canada increased their target price on Emera from C$70.00 to C$76.00 in a research report on Monday, November 10th. Finally, National Bank Financial raised their target price on Emera from C$63.00 to C$67.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 17th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$71.72.

Emera Price Performance

Shares of EMA stock opened at C$69.62 on Tuesday. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72. Emera has a fifty-two week low of C$56.59 and a fifty-two week high of C$71.86. The firm has a market cap of C$21.01 billion, a P/E ratio of 19.08, a P/E/G ratio of 6.20 and a beta of 0.59. The business’s 50 day moving average price is C$68.12 and its 200-day moving average price is C$67.08.

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

Insiders Place Their Bets

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

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.