Emera Incorporated (TSE:EMA) Given Consensus Rating of “Moderate Buy” by Analysts

Emera Incorporated (TSE:EMA) has earned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$71.00.

A number of research analysts recently issued reports on EMA shares. BMO Capital Markets boosted their price target on Emera from C$68.00 to C$72.00 in a report on Monday, November 10th. Desjardins boosted their target price on Emera from C$64.00 to C$68.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Raymond James Financial raised their price target on Emera from C$70.00 to C$73.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. National Bankshares lifted their price target on shares of Emera from C$63.00 to C$67.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. Finally, Scotiabank boosted their price objective on shares of Emera from C$72.00 to C$78.00 in a research report on Tuesday, December 16th.

Emera Stock Up 1.4%

Shares of TSE EMA opened at C$69.54 on Wednesday. The firm’s fifty day moving average is C$67.22 and its 200 day moving average is C$66.18. Emera has a 52 week low of C$53.64 and a 52 week high of C$69.62. The company has a quick ratio of 0.23, a current ratio of 0.72 and a debt-to-equity ratio of 150.23. The company has a market cap of C$20.98 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 6.20 and a beta of 0.59.

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

Insider Transactions at Emera

In related news, insider Daniel Muldoon sold 8,000 shares of the business’s 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 transaction, the insider owned 2,378 shares in the company, valued at C$159,326. The trade was a 77.09% decrease in their ownership of the stock. Also, Director Scott Carlyle Balfour sold 10,000 shares of the 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 transaction, the director directly owned 7,733 shares of the company’s stock, valued at approximately C$523,910.75. The trade was a 56.39% decrease in their ownership of the stock. Insiders have sold a total of 38,000 shares of company stock worth $2,578,500 in the last ninety days. 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.