Emera (TSE:EMA) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Emera (TSE:EMA) had its price target boosted by JPMorgan Chase & Co. from C$73.00 to C$79.00 in a research report issued on Tuesday,BayStreet.CA reports. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 3.25% from the stock’s current price.

EMA has been the topic of a number of other research reports. Desjardins lifted their target price on Emera from C$70.00 to C$74.00 and gave the company a “hold” rating in a research report on Monday. National Bank Financial raised their price objective on Emera from C$69.00 to C$75.00 and gave the stock a “sector perform” rating in a research report on Monday, June 1st. TD boosted their price objective on shares of Emera from C$75.00 to C$77.00 and gave the company a “buy” rating in a report on Monday, May 11th. Raymond James Financial upped their target price on shares of Emera from C$74.50 to C$75.25 and gave the company an “outperform” rating in a research report on Tuesday, April 28th. Finally, Bank of America lifted their price target on shares of Emera from C$73.00 to C$74.00 in a research report on Wednesday, April 8th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Emera currently has a consensus rating of “Moderate Buy” and an average target price of C$75.77.

Emera Stock Up 1.3%

Shares of TSE EMA opened at C$76.51 on Tuesday. The company has a 50 day simple moving average of C$73.93 and a 200-day simple moving average of C$71.60. The company has a market capitalization of C$23.40 billion, a P/E ratio of 23.40, a P/E/G ratio of 6.20 and a beta of 0.57. The company has a debt-to-equity ratio of 168.83, a current ratio of 1.07 and a quick ratio of 0.23. Emera has a 1 year low of C$63.17 and a 1 year high of C$77.80.

Emera (TSE:EMA) last released its quarterly earnings results on Friday, May 8th. The company reported C$1.37 EPS for the quarter. Emera had a net margin of 13.20% and a return on equity of 7.90%. The firm had revenue of C$2.81 billion for the quarter. On average, equities research analysts predict that Emera will post 3.1991627 earnings per share for the current year.

Insider Buying and Selling at Emera

In related news, insider Richard Janega sold 16,500 shares of Emera stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of C$74.25, for a total value of C$1,225,125.00. Following the completion of the transaction, the insider owned 19,642 shares in the company, valued at approximately C$1,458,418.50. The trade was a 45.65% decrease in their ownership of the stock. Company insiders own 0.09% of the company’s stock.

Emera Company Profile

Emera (TSX/NYSE: EMA) is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.7 million customers in the United States, Canada and the Caribbean. Our team of 7,800 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera’s common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange.