BMO Capital Markets Cuts Emera (EMA) Price Target to C$52.00

Emera (TSE:EMA) had its target price cut by equities researchers at BMO Capital Markets from C$54.00 to C$52.00 in a research note issued to investors on Tuesday. BMO Capital Markets’ price objective suggests a potential upside of 19.21% from the company’s current price.

Several other research firms have also commented on EMA. National Bank Financial set a C$52.00 target price on Emera and gave the stock a “sector perform” rating in a report on Friday, December 29th. TD Securities set a C$53.00 target price on Emera and gave the stock a “buy” rating in a report on Friday, December 29th. Finally, Scotiabank increased their price target on Emera from C$50.00 to C$51.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 6th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Emera presently has a consensus rating of “Hold” and an average price target of C$53.44.

Emera (TSE:EMA) traded down C$0.18 during trading on Tuesday, reaching C$43.62. The company had a trading volume of 629,923 shares, compared to its average volume of 732,142. The firm has a market capitalization of $9,980.00, a price-to-earnings ratio of 16.23 and a beta of -0.01. Emera has a 12-month low of C$42.58 and a 12-month high of C$49.48.

Emera (TSE:EMA) last posted its earnings results on Tuesday, November 14th. The company reported C$0.55 EPS for the quarter, missing the consensus estimate of C$0.74 by C($0.19). The company had revenue of C$1.43 billion for the quarter, compared to analyst estimates of C$1.55 billion. Emera had a return on equity of 5.43% and a net margin of 6.94%.

In other Emera news, Director Robert John Scott Hanf sold 20,775 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of C$48.50, for a total transaction of C$1,007,587.50.

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Emera Company Profile

Emera Incorporated is an energy and services company, which invests in electricity generation, transmission and distribution, gas transmission and utility services. The Company operates through six segments: Emera Florida and New Mexico; Nova Scotia Power Inc (NSPI); Emera Maine; Emera Caribbean; Emera Energy, and Corporate and Other.

Analyst Recommendations for Emera (TSE:EMA)

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