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

Shares of Emera Incorporated (TSE:EMA) have received an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$71.72.

A number of research firms recently weighed in on EMA. National Bank Financial upped their target price on shares of Emera from C$67.00 to C$68.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 24th. Scotiabank raised their price target on shares of Emera from C$72.00 to C$78.00 in a research note on Tuesday, December 16th. Canadian Imperial Bank of Commerce boosted their price objective on Emera from C$71.00 to C$72.00 in a research note on Monday, November 10th. Desjardins increased their target price on Emera from C$68.00 to C$69.00 and gave the stock a “hold” rating in a research report on Tuesday, February 24th. Finally, Raymond James Financial boosted their price objective on shares of Emera from C$73.00 to C$74.50 and gave the company an “outperform” rating in a research note on Tuesday, February 24th.

Emera Trading Up 0.8%

EMA opened at C$71.05 on Thursday. The company has a fifty day moving average of C$68.43 and a 200-day moving average of C$67.23. Emera has a twelve month low of C$56.59 and a twelve month high of C$71.86. The company has a quick ratio of 0.23, a current ratio of 0.66 and a debt-to-equity ratio of 161.69. The stock has a market cap of C$21.44 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 6.20 and a beta of 0.59.

Emera (TSE:EMA) last issued its earnings results on Monday, February 23rd. The company reported C$1.48 earnings per share (EPS) for the quarter. The business had revenue of C$2.01 billion for the quarter. Emera had a net margin of 13.11% and a return on equity of 8.11%. On average, sell-side analysts predict that Emera will post 3.1991627 EPS for the current year.

Insider Buying and Selling at Emera

In other news, Director Scott Carlyle Balfour sold 10,000 shares of the business’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 transaction, the director directly owned 7,733 shares of the company’s stock, valued at approximately C$523,910.75. The trade was a 56.39% decrease in their ownership of the stock. Also, insider Daniel Muldoon sold 8,000 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of C$67.00, for a total transaction of C$536,000.00. Following the completion of the transaction, the insider directly owned 2,378 shares of the company’s stock, valued at approximately C$159,326. The trade was a 77.09% decrease in their ownership of the stock. Insiders own 0.09% of the company’s stock.

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.