National Bank Financial Trims Emera (EMA) Target Price to C$43.00

Emera (TSE:EMA) had its price objective decreased by research analysts at National Bank Financial from C$45.00 to C$43.00 in a research note issued to investors on Tuesday. National Bank Financial’s price objective indicates a potential upside of 7.69% from the company’s previous close.

EMA has been the subject of a number of other reports. BMO Capital Markets reduced their price target on shares of Emera from C$54.00 to C$52.00 in a report on Tuesday, February 6th. Scotiabank reduced their price target on shares of Emera from C$51.00 to C$50.00 and set a “sector perform” rating for the company in a report on Tuesday, January 2nd. TD Securities set a C$53.00 price target on shares of Emera and gave the stock a “buy” rating in a report on Friday, December 29th. Raymond James Financial upgraded shares of Emera from a “market perform” rating to an “outperform” rating in a report on Friday. Finally, Royal Bank of Canada reduced their price target on shares of Emera from C$57.00 to C$50.00 and set an “outperform” rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of C$50.31.

Emera (TSE:EMA) traded down C$1.60 during trading hours on Tuesday, reaching C$39.93. 1,808,969 shares of the company’s stock were exchanged, compared to its average volume of 835,995. The firm has a market capitalization of $9,480.00, a PE ratio of 15.05 and a beta of -0.01. Emera has a 1-year low of C$39.90 and a 1-year high of C$49.48.

Emera (TSE:EMA) last posted its quarterly earnings results on Tuesday, November 14th. The company reported C$0.55 EPS for the quarter, missing analysts’ consensus estimates of C$0.74 by C($0.19). The company had revenue of C$1.43 billion during 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 news, Director Robert John Scott Hanf sold 20,775 shares of Emera 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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