Emera (TSE:EMA) Hits New 12-Month High – What’s Next?

Emera Incorporated (TSE:EMA)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as C$73.75 and last traded at C$73.40, with a volume of 722537 shares traded. The stock had previously closed at C$73.43.

Analyst Ratings Changes

Several brokerages have recently weighed in on EMA. National Bank Financial lifted their price target on Emera from C$67.00 to C$68.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 24th. Desjardins raised their target price on Emera from C$68.00 to C$69.00 and gave the stock a “hold” rating in a research note on Tuesday, February 24th. BMO Capital Markets lifted their target price on Emera from C$72.00 to C$74.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. Raymond James Financial upped their price target on Emera from C$73.00 to C$74.50 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. Finally, TD Securities increased their price target on shares of Emera from C$74.00 to C$75.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$71.72.

Emera Trading Down 0.4%

The stock has a market cap of C$22.00 billion, a P/E ratio of 21.57, a PEG ratio of 6.20 and a beta of 0.64. The firm’s fifty day moving average price is C$69.38 and its two-hundred day moving average price is C$67.67. The company has a debt-to-equity ratio of 161.69, a current ratio of 0.66 and a quick ratio of 0.23.

Emera (TSE:EMA) last posted its quarterly earnings data on Monday, February 23rd. The company reported C$1.48 earnings per share (EPS) for the quarter. Emera had a return on equity of 8.11% and a net margin of 13.11%.The company had revenue of C$2.01 billion during the quarter. As a group, equities research analysts forecast that Emera Incorporated will post 3.1991627 EPS for the current year.

Insider Activity

In other news, Director Scott Carlyle Balfour sold 10,000 shares of Emera stock in a transaction dated 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 in the company, valued at approximately C$523,910.75. This trade represents a 56.39% decrease in their position. Company insiders own 0.09% of the company’s stock.

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.