Emera Incorporated (TSE:EMA) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Emera Incorporated (TSE:EMA) has been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$71.00.

Several equities analysts recently weighed in on EMA shares. Scotiabank lifted their price target on Emera from C$72.00 to C$78.00 in a research note on Tuesday. National Bankshares raised their price objective on Emera from C$63.00 to C$67.00 and gave the company a “sector perform” rating in a report on Wednesday. BMO Capital Markets upped their target price on Emera from C$68.00 to C$72.00 in a research note on Monday, November 10th. Desjardins increased their target price on Emera from C$64.00 to C$68.00 and gave the company a “hold” rating in a research report on Wednesday, October 22nd. Finally, Raymond James Financial lifted their price target on shares of Emera from C$70.00 to C$73.00 and gave the company an “outperform” rating in a research note on Friday, October 24th.

Emera Stock Performance

Shares of TSE EMA opened at C$66.51 on Friday. The company’s fifty day moving average price is C$67.41 and its 200 day moving average price is C$65.17. Emera has a 1 year low of C$51.23 and a 1 year high of C$69.62. The company has a market capitalization of C$20.07 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 6.20 and a beta of 0.57. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72.

Emera (TSE:EMA) last released its quarterly earnings data on Friday, November 7th. The company reported C$0.88 earnings per share for the quarter. The company 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%. On average, research analysts predict that Emera will post 3.1991627 earnings per share for the current year.

Insider Activity

In related news, Director Scott Carlyle Balfour sold 20,000 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of C$68.25, for a total transaction of C$1,365,000.00. Following the completion of the transaction, the director owned 7,733 shares in the company, valued at C$527,777.25. This represents a 72.12% decrease in their position. Also, insider Daniel Muldoon sold 8,000 shares of Emera stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of C$67.00, for a total value of C$536,000.00. Following the completion of the sale, the insider owned 2,378 shares in the company, valued at approximately C$159,326. The trade was a 77.09% decrease in their ownership of the stock. 0.09% of the stock is owned by company insiders.

About Emera

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.