Emera (EMA) Price Target Cut to C$49.00 by Analysts at TD Securities

Emera (TSE:EMA) had its target price lowered by analysts at TD Securities from C$53.00 to C$49.00 in a research note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 22.71% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Scotiabank decreased their target price on Emera from C$51.00 to C$50.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 2nd. National Bank Financial downgraded Emera from a “sector perform under weight” rating to an “underperform underweight” rating in a research report on Sunday, January 28th. Raymond James Financial raised Emera from a “market perform” rating to an “outperform” rating in a research report on Friday. BMO Capital Markets decreased their target price on Emera from C$52.00 to C$51.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Royal Bank of Canada decreased their target price on Emera from C$57.00 to C$50.00 and set an “outperform” rating on the stock in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of C$50.31.

Shares of Emera (TSE EMA) traded down C$1.60 during trading hours on Tuesday, hitting C$39.93. The stock had a trading volume of 1,808,969 shares, compared to its average volume of 835,995. The firm has a market capitalization of $9,480.00, a P/E ratio of 15.05 and a beta of -0.01. Emera has a 12 month low of C$39.90 and a 12 month high of C$49.48.

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 analysts’ consensus estimates of C$0.74 by C($0.19). Emera had a return on equity of 5.43% and a net margin of 6.94%. The firm had revenue of C$1.43 billion for the quarter, compared to analyst estimates 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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About Emera

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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