Emera (TSE:EMA) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Emera (TSE:EMA) had its price target increased by research analysts at Royal Bank Of Canada from C$76.00 to C$84.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 18.80% from the company’s current price.

A number of other equities research analysts have also recently weighed in on EMA. Desjardins raised their price target on Emera from C$70.00 to C$74.00 and gave the company a “hold” rating in a report on Monday, July 20th. BMO Capital Markets increased their price target on Emera from C$76.00 to C$80.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Barclays set a C$72.00 price objective on shares of Emera and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Scotiabank increased their target price on Emera from C$78.00 to C$80.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 21st. Finally, TD boosted their price target on Emera from C$75.00 to C$77.00 and gave the company a “buy” rating in a report on Monday, May 11th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Emera presently has a consensus rating of “Moderate Buy” and a consensus price target of C$76.67.

Emera Stock Performance

EMA traded down C$0.17 during midday trading on Monday, reaching C$70.71. The company’s stock had a trading volume of 472,689 shares, compared to its average volume of 1,231,897. Emera has a twelve month low of C$63.17 and a twelve month high of C$77.99. The company has a current ratio of 0.73, a quick ratio of 0.23 and a debt-to-equity ratio of 153.87. The stock has a market cap of C$21.72 billion, a P/E ratio of 21.62, a PEG ratio of 6.20 and a beta of 0.57. The company has a fifty day simple moving average of C$74.49 and a 200 day simple moving average of C$72.22.

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

Insider Buying and Selling

In related news, insider Richard Janega sold 16,500 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of C$74.25, for a total transaction of C$1,225,125.00. Following the sale, the insider owned 19,642 shares in the company, valued at C$1,458,418.50. The trade was a 45.65% decrease in their position. 0.09% of the stock is currently owned by insiders.

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.