Emera Inc (TSE:EMA) Receives C$51.40 Consensus Target Price from Analysts

Shares of Emera Inc (TSE:EMA) have earned a consensus recommendation of “Hold” from the ten brokerages that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$51.40.

Several research firms have weighed in on EMA. JPMorgan Chase & Co. boosted their target price on shares of Emera from C$45.00 to C$49.00 in a research report on Monday, April 15th. Raymond James downgraded shares of Emera from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 23rd. BMO Capital Markets upped their price objective on shares of Emera from C$48.00 to C$51.00 in a report on Tuesday, March 26th. National Bank Financial upped their price objective on shares of Emera from C$50.00 to C$51.00 in a report on Tuesday, March 26th. Finally, Royal Bank of Canada upped their price objective on shares of Emera from C$56.00 to C$59.00 and gave the company an “outperform” rating in a report on Monday, May 13th.

Shares of Emera stock traded down C$0.17 on Thursday, reaching C$54.29. The stock had a trading volume of 245,463 shares, compared to its average volume of 812,077. The firm’s 50 day moving average price is C$52.25. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 187.03. Emera has a 1 year low of C$38.09 and a 1 year high of C$54.54. The stock has a market cap of $12.86 billion and a PE ratio of 16.94.

Emera (TSE:EMA) last issued its quarterly earnings data on Friday, May 10th. The company reported C$0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.84 by C$0.11. The firm had revenue of C$1.82 billion during the quarter, compared to analysts’ expectations of C$1.77 billion. As a group, equities research analysts anticipate that Emera will post 2.9000001 earnings per share for the current year.

About Emera

Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company is also involved in gas transmission and utility energy services businesses; and the provision of energy marketing, trading, and other energy asset management services.

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Analyst Recommendations for Emera (TSE:EMA)

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