Emera Incorporated (TSE:EMA) Given Average Rating of “Moderate Buy” by Brokerages

Emera Incorporated (TSE:EMA) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$71.00.

Several research analysts have weighed in on the company. Scotiabank lifted their target price on Emera from C$72.00 to C$78.00 in a report on Tuesday, December 16th. Canadian Imperial Bank of Commerce lifted their price objective on Emera from C$71.00 to C$72.00 in a report on Monday, November 10th. Raymond James Financial boosted their price objective on Emera from C$70.00 to C$73.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. BMO Capital Markets increased their target price on Emera from C$68.00 to C$72.00 in a research note on Monday, November 10th. Finally, Royal Bank Of Canada lifted their price target on shares of Emera from C$70.00 to C$76.00 in a research note on Monday, November 10th.

Insider Buying and Selling at Emera

In other Emera news, 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 sale, the insider owned 2,378 shares of the company’s stock, valued at C$159,326. This trade represents a 77.09% decrease in their position. Also, Director Scott Carlyle Balfour sold 10,000 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of C$67.75, for a total value of C$677,500.00. Following the completion of the sale, the director owned 7,733 shares in the company, valued at approximately C$523,910.75. This trade represents a 56.39% decrease in their ownership of the stock. Insiders sold a total of 38,000 shares of company stock worth $2,578,500 over the last ninety days. 0.09% of the stock is currently owned by insiders.

Emera Stock Down 1.9%

Shares of TSE:EMA opened at C$67.37 on Friday. The company has a 50 day moving average price of C$67.31 and a two-hundred day moving average price of C$66.66. 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 market capitalization of C$20.33 billion, a PE ratio of 18.46, a PEG ratio of 6.20 and a beta of 0.59. Emera has a 52 week low of C$55.03 and a 52 week high of C$69.75.

Emera (TSE:EMA) last announced its quarterly earnings results on Friday, November 7th. The company reported C$0.88 earnings per share (EPS) for the quarter. Emera had a net margin of 10.51% and a return on equity of 6.06%. The company had revenue of C$2.11 billion during the quarter. Analysts forecast that Emera will post 3.1991627 earnings per share for the current year.

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.