Emera Incorporated (TSE:EMA) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Emera Incorporated (TSE:EMA) have earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$73.31.

A number of brokerages recently weighed in on EMA. Desjardins boosted their price objective on shares of Emera from C$68.00 to C$69.00 and gave the stock a “hold” rating in a report on Tuesday, February 24th. Scotiabank increased their target price on Emera from C$72.00 to C$78.00 in a research note on Tuesday, December 16th. BMO Capital Markets lifted their target price on Emera from C$72.00 to C$74.00 and gave the stock an “outperform” rating in a report on Tuesday, February 24th. National Bank Financial boosted their price target on Emera from C$67.00 to C$68.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 24th. Finally, Raymond James Financial upped their price target on Emera from C$73.00 to C$74.50 and gave the company an “outperform” rating in a report on Tuesday, February 24th.

Insiders Place Their Bets

In other Emera news, Director Scott Carlyle Balfour sold 10,000 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of C$67.75, for a total value of C$677,500.00. Following the completion of the transaction, the director 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 position. Company insiders own 0.09% of the company’s stock.

Emera Price Performance

TSE:EMA opened at C$71.35 on Monday. The company has a debt-to-equity ratio of 161.69, a quick ratio of 0.23 and a current ratio of 0.66. The firm has a market cap of C$21.53 billion, a P/E ratio of 21.11, a P/E/G ratio of 6.20 and a beta of 0.64. Emera has a fifty-two week low of C$56.59 and a fifty-two week high of C$73.75. The firm has a 50-day simple moving average of C$69.82 and a two-hundred day simple moving average of C$67.97.

Emera (TSE:EMA) last issued its earnings results on Monday, February 23rd. The company reported C$0.55 earnings per share (EPS) for the quarter. Emera had a net margin of 13.11% and a return on equity of 8.11%. The firm had revenue of C$2.01 billion for the quarter. Analysts predict that Emera will post 3.1991627 earnings per share for the current fiscal 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.