Emera (TSE:EMA) Price Target Raised to C$78.00

Emera (TSE:EMA) had its price objective raised by Scotiabank from C$72.00 to C$78.00 in a report issued on Tuesday morning,BayStreet.CA reports.

Several other equities research analysts have also weighed in on the stock. Desjardins increased their price objective on shares of Emera from C$64.00 to C$68.00 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. Raymond James Financial upped their target price on Emera from C$70.00 to C$73.00 and gave the company an “outperform” rating in a report on Friday, October 24th. CIBC raised their price target on Emera from C$71.00 to C$72.00 in a report on Monday, November 10th. Royal Bank Of Canada boosted their price objective on Emera from C$70.00 to C$76.00 in a research report on Monday, November 10th. Finally, BMO Capital Markets increased their target price on Emera from C$68.00 to C$72.00 in a research report on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$71.00.

Emera Stock Performance

Shares of EMA opened at C$66.85 on Tuesday. The stock has a market capitalization of C$20.17 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 6.20 and a beta of 0.57. The business’s fifty day moving average price is C$67.45 and its 200 day moving average price is C$65.14. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23. Emera has a 12-month low of C$51.23 and a 12-month high of C$69.62.

Emera (TSE:EMA) last released its earnings results on Friday, November 7th. The company reported C$0.88 earnings per share for the quarter. Emera had a net margin of 10.51% and a return on equity of 6.06%. The firm had revenue of C$2.11 billion during the quarter. Equities research analysts forecast that Emera will post 3.1991627 EPS for the current year.

Insider Activity at Emera

In related news, insider Daniel Muldoon sold 8,000 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of C$67.00, for a total value 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 C$159,326. This represents a 77.09% decrease in their position. Also, Director Scott Carlyle Balfour sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of C$68.25, for a total value of C$1,365,000.00. Following the completion of the sale, the director owned 7,733 shares in the company, valued at approximately C$527,777.25. This represents a 72.12% 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.