Emera (TSE:EMA) Price Target Raised to C$74.50

Emera (TSE:EMA) had its target price raised by Raymond James Financial from C$73.00 to C$74.50 in a research report sent to investors on Tuesday morning,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the stock.

Several other brokerages have also issued reports on EMA. Canadian Imperial Bank of Commerce boosted their price objective on Emera from C$71.00 to C$72.00 in a research report on Monday, November 10th. TD Securities lifted their target price on Emera from C$74.00 to C$75.00 and gave the company a “buy” rating in a research report on Tuesday. National Bank Financial lifted their target price on Emera from C$63.00 to C$67.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 17th. Scotiabank upped their price objective on Emera from C$72.00 to C$78.00 in a report on Tuesday, December 16th. Finally, BMO Capital Markets boosted their price target on Emera from C$68.00 to C$72.00 in a research note on Monday, November 10th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$71.72.

Emera Stock Performance

Shares of EMA stock opened at C$69.62 on Tuesday. The stock has a market cap of C$21.01 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 6.20 and a beta of 0.59. The stock has a 50-day moving average of C$68.12 and a 200-day moving average of C$67.08. 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 one year low of C$56.59 and a one year high of C$71.86.

Emera (TSE:EMA) last released its quarterly earnings data on Monday, February 23rd. The company reported C$1.48 earnings per share for the quarter. Emera had a net margin of 10.51% and a return on equity of 6.06%. The business had revenue of C$2.01 billion for the quarter. As a group, sell-side analysts expect that Emera will post 3.1991627 earnings per share for the current year.

Insider Activity

In related news, Director Scott Carlyle Balfour sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of C$67.75, for a total transaction of C$677,500.00. Following the completion of the sale, the director owned 7,733 shares of the company’s stock, valued at C$523,910.75. This trade represents a 56.39% decrease in their ownership of the stock. Also, insider Daniel Muldoon sold 8,000 shares of Emera stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of C$67.00, for a total transaction of C$536,000.00. Following the completion of the sale, the insider directly owned 2,378 shares of the company’s stock, valued at approximately C$159,326. This trade represents a 77.09% decrease in their ownership of the stock. 0.09% of the stock is owned by corporate insiders.

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.