National Bank Financial Issues Positive Forecast for Emera (TSE:EMA) Stock Price

Emera (TSE:EMA) had its price target boosted by equities researchers at National Bank Financial from C$74.00 to C$75.00 in a research report issued to clients and investors on Monday, BayStreet reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial‘s target price indicates a potential upside of 4.33% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. TD dropped their target price on shares of Emera from C$79.00 to C$75.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Barclays cut their price target on shares of Emera from C$74.00 to C$71.00 in a report on Monday, August 10th. Canadian Imperial Bank of Commerce reduced their price target on shares of Emera from C$76.00 to C$72.00 in a research report on Tuesday, September 22nd. Scotiabank lifted their price objective on shares of Emera from C$78.00 to C$80.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Emera from C$73.00 to C$79.00 in a research report on Tuesday, July 21st. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$76.33.

Emera Price Performance

Shares of EMA traded up C$0.30 during trading hours on Monday, hitting C$71.89. 322,381 shares of the company were exchanged, compared to its average volume of 1,343,351. The company has a market cap of C$22.08 billion, a price-to-earnings ratio of 22.82, a P/E/G ratio of 6.20 and a beta of 0.39. Emera has a fifty-two week low of C$64.62 and a fifty-two week high of C$77.99. The company has a quick ratio of 0.23, a current ratio of 0.73 and a debt-to-equity ratio of 153.87. The firm’s fifty day moving average is C$68.25 and its 200 day moving average is C$71.11.

Emera (TSE:EMA) last posted its quarterly earnings results on Friday, November 6th. The company reported C$0.85 EPS for the quarter. The business had revenue of C$1.98 billion during the quarter. Emera had a return on equity of 7.51% and a net margin of 12.85%. On average, equities analysts anticipate that Emera will post 3.20 earnings per share for the current fiscal year.

Emera Company Profile

Emera (TSX/NYSE: EMA) is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.7 million customers in the United States, Canada and the Caribbean. Our team of 7,800 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera’s common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange.