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.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another publication, it was illegally copied and reposted in violation of United States & international trademark and copyright laws. The legal version of this news story can be viewed at

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)

Receive News & Ratings for Emera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emera and related companies with's FREE daily email newsletter.

Leave a Reply