Emera Incorporated (TSE:EMA) Given Average Recommendation of “Moderate Buy” by Analysts

Emera Incorporated (TSE:EMA) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$71.00.

A number of analysts have recently weighed in on EMA shares. Raymond James Financial upped their target price on shares of Emera from C$70.00 to C$73.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Scotiabank upped their price objective on shares of Emera from C$72.00 to C$78.00 in a report on Tuesday, December 16th. Canadian Imperial Bank of Commerce lifted their target price on shares of Emera from C$71.00 to C$72.00 in a report on Monday, November 10th. BMO Capital Markets upped their price target on Emera from C$68.00 to C$72.00 in a research note on Monday, November 10th. Finally, Royal Bank Of Canada raised their price objective on Emera from C$70.00 to C$76.00 in a research report on Monday, November 10th.

Insider Buying and Selling at Emera

In related news, insider Daniel Muldoon sold 8,000 shares of the stock in a transaction dated 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 sale, the insider directly owned 2,378 shares of the company’s stock, valued at approximately C$159,326. This represents a 77.09% decrease in their position. Also, Director Scott Carlyle Balfour sold 20,000 shares of Emera stock in a transaction dated Monday, November 17th. The stock was sold at an average price of C$68.25, for a total transaction of C$1,365,000.00. Following the completion of the transaction, the director directly owned 7,733 shares of the company’s stock, valued at C$527,777.25. This trade represents a 72.12% decrease in their ownership of the stock. Insiders have sold 38,000 shares of company stock valued at $2,578,500 over the last 90 days. Corporate insiders own 0.09% of the company’s stock.

Emera Stock Up 2.2%

Shares of TSE:EMA opened at C$70.14 on Friday. The firm has a market capitalization of C$21.16 billion, a P/E ratio of 19.22, a P/E/G ratio of 6.20 and a beta of 0.59. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72. The stock has a 50 day moving average price of C$67.38 and a 200-day moving average price of C$66.79. Emera has a 52-week low of C$55.56 and a 52-week high of C$70.44.

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

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.