Emera (TSE:EMA) Given a C$62.00 Price Target by Desjardins Analysts

Emera (TSE:EMA) received a C$62.00 price objective from stock analysts at Desjardins in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage currently has a “hold” rating on the stock. Desjardins’ price objective points to a potential upside of 1.06% from the company’s previous close. Desjardins also issued estimates for Emera’s FY2025 earnings at $3.36 EPS, FY2026 earnings at $3.49 EPS, FY2027 earnings at $3.51 EPS and FY2029 earnings at $3.85 EPS.

EMA has been the topic of a number of other reports. Royal Bank of Canada lifted their price target on Emera from C$60.00 to C$63.00 in a research note on Monday, February 24th. BMO Capital Markets upped their price target on shares of Emera from C$58.00 to C$60.00 in a research note on Monday, February 24th. Scotiabank boosted their price objective on shares of Emera from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. UBS Group lifted their price target on shares of Emera from C$54.00 to C$59.00 in a research report on Friday, March 21st. Finally, Raymond James dropped their price target on Emera from C$64.00 to C$59.00 and set an “outperform” rating for the company in a research report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$58.92.

Emera Stock Up 0.3 %

EMA stock opened at C$61.35 on Tuesday. Emera has a one year low of C$44.13 and a one year high of C$63.13. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72. The company has a fifty day moving average of C$59.85 and a 200-day moving average of C$55.97. The stock has a market capitalization of C$17.99 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35.

About Emera

Emera Incorporated, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.