Emera (TSE:EMA) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Emera Incorporated (TSE:EMA) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$64.84 and traded as high as C$68.48. Emera shares last traded at C$67.55, with a volume of 1,342,959 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EMA. Scotiabank boosted their price objective on Emera from C$70.00 to C$72.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Royal Bank Of Canada upped their price objective on shares of Emera from C$70.00 to C$76.00 in a research report on Monday, November 10th. CIBC increased their price objective on shares of Emera from C$71.00 to C$72.00 in a report on Monday, November 10th. National Bankshares boosted their target price on shares of Emera from C$60.00 to C$62.00 and gave the stock a “sector perform” rating in a research note on Monday, August 11th. Finally, BMO Capital Markets raised their price target on shares of Emera from C$68.00 to C$72.00 in a research note on Monday, November 10th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$67.27.

Emera Stock Down 1.0%

The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23. The business has a fifty day simple moving average of C$67.56 and a two-hundred day simple moving average of C$64.84. The company has a market cap of C$20.31 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 6.20 and a beta of 0.57.

Emera (TSE:EMA) last issued its earnings results on Friday, November 7th. The company reported C$0.88 EPS for the quarter. The business had revenue of C$2.11 billion during the quarter. Emera had a net margin of 10.51% and a return on equity of 6.06%. As a group, equities research analysts predict that Emera Incorporated will post 3.1991627 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Judy Ann Steele sold 18,100 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of C$64.90, for a total transaction of C$1,174,690.00. Following the transaction, the director directly owned 352 shares in the company, valued at C$22,844.80. The trade was a 98.09% decrease in their position. Also, Director Archibald Collins sold 30,600 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of C$64.95, for a total value of C$1,987,470.00. Following the completion of the sale, the director owned 13,045 shares of the company’s stock, valued at C$847,272.75. This trade represents a 70.11% decrease in their ownership of the stock. Insiders sold a total of 49,494 shares of company stock worth $3,213,691 over the last three months. Corporate insiders own 0.09% of the company’s stock.

Emera Company Profile

Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.