Emera (TSE:EMA) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Emera (TSE:EMA) had its price objective increased by analysts at BMO Capital Markets from C$72.00 to C$74.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 5.77% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. National Bank Financial upped their price target on shares of Emera from C$63.00 to C$67.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 17th. Raymond James Financial upped their target price on shares of Emera from C$73.00 to C$74.50 and gave the stock an “outperform” rating in a report on Tuesday. Canadian Imperial Bank of Commerce increased their price target on Emera from C$71.00 to C$72.00 in a research note on Monday, November 10th. Scotiabank boosted their price objective on Emera from C$72.00 to C$78.00 in a research report on Tuesday, December 16th. Finally, TD Securities upped their price objective on Emera from C$74.00 to C$75.00 and gave the stock a “buy” rating in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Emera has a consensus rating of “Moderate Buy” and a consensus price target of C$71.72.

Emera Stock Performance

Shares of EMA opened at C$69.96 on Tuesday. The business has a 50-day simple moving average of C$68.06 and a two-hundred day simple moving average of C$67.06. The company has a quick ratio of 0.23, a current ratio of 0.72 and a debt-to-equity ratio of 150.23. Emera has a 52 week low of C$56.59 and a 52 week high of C$71.86. The stock has a market cap of C$21.11 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 6.20 and a beta of 0.59.

Emera (TSE:EMA) last announced its quarterly earnings data on Monday, February 23rd. The company reported C$1.48 earnings per share (EPS) for the quarter. The company had revenue of C$2.01 billion during the quarter. Emera had a return on equity of 6.06% and a net margin of 10.51%. On average, analysts expect that Emera will post 3.1991627 EPS for the current year.

Insider Transactions at Emera

In other news, Director Scott Carlyle Balfour sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of C$67.75, for a total transaction of C$677,500.00. Following the sale, the director directly owned 7,733 shares of the company’s stock, valued at C$523,910.75. This represents a 56.39% decrease in their position. Also, insider Daniel Muldoon sold 8,000 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of C$67.00, for a total transaction of C$536,000.00. Following the sale, the insider directly owned 2,378 shares in the company, valued at approximately C$159,326. The trade was a 77.09% decrease in their position. Company insiders own 0.09% of the company’s stock.

Emera News Summary

Here are the key news stories impacting Emera this week:

• Positive Sentiment: Raymond James raised its target to C$74.50 and reiterated an “outperform” view, implying roughly 6.7% upside from the referenced price — a clear vote of confidence on growth/earnings trajectory. Raymond James raise
• Positive Sentiment: BMO Capital Markets lifted its target to C$74.00 and kept an “outperform” rating — another bullish signal that supports further share appreciation. BMO raise
• Positive Sentiment: TD Securities hiked its target to C$75.00 and maintains a “buy” rating, the most bullish of the updates and the largest implied upside (~7.4%). TD raise
• Neutral Sentiment: Desjardins nudged its target to C$69.00 but kept a “hold” call; the revision is modest and essentially keeps the stock in a neutral zone versus current levels. Desjardins raise
• Neutral Sentiment: Yahoo Finance notes the investment narrative is shifting with mixed analyst views — investors should watch how management’s capital program, regulatory outcomes and project execution influence consensus. Yahoo story
• Negative Sentiment: National Bank Financial raised its target only to C$68.00 and kept a “sector perform” stance, which implies downside versus the referenced price and signals more cautious expectations than other brokers. National Bank raise

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.