Emera (TSE:EMA) Price Target Raised to C$76.00

Emera (TSE:EMA) had its price target upped by Desjardins from C$74.00 to C$76.00 in a research note issued to investors on Monday, BayStreet reports. The brokerage currently has a “hold” rating on the stock. Desjardins‘s price objective points to a potential upside of 5.72% from the stock’s previous close.

A number of other research analysts also recently commented on EMA. Barclays cut their target price on shares of Emera from C$74.00 to C$71.00 in a research report on Monday, August 10th. Canadian Imperial Bank of Commerce dropped their price objective on shares of Emera from C$76.00 to C$72.00 in a research note on Tuesday, September 22nd. Royal Bank Of Canada lifted their price objective on shares of Emera from C$76.00 to C$84.00 and gave the company an “outperform” rating in a report on Monday, August 10th. BMO Capital Markets boosted their price objective on shares of Emera from C$76.00 to C$80.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. upped their target price on Emera from C$73.00 to C$79.00 in a report on Tuesday, July 21st. Six investment 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, Emera has an average rating of “Moderate Buy” and a consensus target price of C$76.33.

Emera Stock Up 0.4%

Shares of Emera stock traded up C$0.30 during trading on Monday, hitting C$71.89. 322,381 shares of the stock traded hands, compared to its average volume of 1,343,351. The firm has a market cap of C$22.08 billion, a P/E ratio of 22.82, a price-to-earnings-growth ratio of 6.20 and a beta of 0.39. The company has a current ratio of 0.73, a quick ratio of 0.23 and a debt-to-equity ratio of 153.87. Emera has a 52-week low of C$64.62 and a 52-week high of C$77.99. The stock’s fifty day simple moving average is C$68.25 and its 200 day simple moving average is C$71.11.

Emera (TSE:EMA) last released its quarterly earnings data on Friday, November 6th. The company reported C$0.85 earnings per share for the quarter. Emera had a return on equity of 7.51% and a net margin of 12.85%. The firm had revenue of C$1.98 billion during the quarter. On average, equities analysts predict that Emera will post 3.20 earnings per share for the current fiscal year.

Emera Company Profile

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.