BMO Capital Markets Trims Emera (EMA) Target Price to C$51.00

Emera (TSE:EMA) had its price target lowered by equities researchers at BMO Capital Markets from C$52.00 to C$51.00 in a research report issued on Monday. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 21.40% from the company’s previous close.

Several other equities research analysts have also recently weighed in on EMA. National Bank Financial set a C$52.00 target price on shares of Emera and gave the company a “sector perform” rating in a research note on Friday, December 29th. Raymond James Financial upgraded shares of Emera from a “market perform” rating to an “outperform” rating in a research note on Friday. TD Securities set a C$53.00 target price on shares of Emera and gave the company a “buy” rating in a research note on Friday, December 29th. Finally, Scotiabank increased their target price on shares of Emera from C$50.00 to C$51.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 6th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$53.31.

Emera (EMA) traded down C$1.31 during mid-day trading on Monday, reaching C$42.01. 1,094,809 shares of the company’s stock were exchanged, compared to its average volume of 766,041. Emera has a one year low of C$41.61 and a one year high of C$49.48. The company has a market capitalization of $9,890.00, a PE ratio of 15.73 and a beta of -0.01.

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

In other Emera news, Director Robert John Scott Hanf sold 20,775 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were 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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