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

Emera (TSE:EMA) had its price objective boosted by stock analysts at BMO Capital Markets from C$76.00 to C$80.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 3.60% from the stock’s current price.

A number of other research analysts also recently weighed in on the company. Raymond James Financial lifted their price target on Emera from C$74.50 to C$75.25 and gave the company an “outperform” rating in a report on Tuesday, April 28th. Barclays set a C$72.00 price objective on Emera and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Scotiabank raised their price objective on Emera from C$78.00 to C$80.00 and gave the stock a “sector outperform” rating in a research report on Tuesday. National Bank Financial lifted their target price on Emera from C$69.00 to C$75.00 and gave the company a “sector perform” rating in a research note on Monday, June 1st. Finally, Desjardins upped their target price on Emera from C$70.00 to C$74.00 and gave the company a “hold” rating in a report on Monday. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$75.77.

Emera Trading Up 0.9%

Emera stock opened at C$77.22 on Wednesday. Emera has a 52 week low of C$63.17 and a 52 week high of C$77.80. The company has a debt-to-equity ratio of 168.83, a quick ratio of 0.23 and a current ratio of 1.07. The firm has a market capitalization of C$23.62 billion, a price-to-earnings ratio of 23.61, a P/E/G ratio of 6.20 and a beta of 0.57. The company has a 50 day moving average price of C$74.03 and a 200 day moving average price of C$71.66.

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

Insider Activity at Emera

In other news, insider Richard Janega sold 16,500 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of C$74.25, for a total transaction of C$1,225,125.00. Following the transaction, the insider directly owned 19,642 shares in the company, valued at C$1,458,418.50. The trade was a 45.65% decrease in their position. 0.09% of the stock is currently owned by corporate insiders.

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.