Emera (TSE:EMA – Get Free Report) had its price objective boosted by equities research analysts at BMO Capital Markets from C$76.00 to C$80.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 4.23% from the stock’s current price.
EMA has been the topic of a number of other reports. Scotiabank increased their price objective on Emera from C$78.00 to C$80.00 and gave the company a “sector outperform” rating in a report on Tuesday. Bank of America raised their price objective on Emera from C$73.00 to C$74.00 in a research note on Wednesday, April 8th. National Bank Financial lifted their target price on Emera from C$69.00 to C$75.00 and gave the stock a “sector perform” rating in a report on Monday, June 1st. JPMorgan Chase & Co. upped their target price on Emera from C$73.00 to C$79.00 in a research report on Tuesday. Finally, Desjardins increased their price target on shares of Emera from C$70.00 to C$74.00 and gave the stock a “hold” rating in a report on Monday. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$75.77.
Read Our Latest Research Report on Emera
Emera Stock Performance
Emera (TSE:EMA – Get Free Report) last issued its earnings results on Friday, May 8th. The company reported C$1.37 earnings per share (EPS) for the quarter. The company had revenue of C$2.81 billion during the quarter. Emera had a return on equity of 7.90% and a net margin of 13.20%. Equities analysts anticipate that Emera will post 3.1991627 EPS for the current fiscal year.
Insider Activity
In other news, insider Richard Janega sold 16,500 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of C$74.25, for a total transaction of C$1,225,125.00. Following the sale, the insider directly owned 19,642 shares of the company’s stock, valued at C$1,458,418.50. This represents a 45.65% decrease in their position. 0.09% of the stock is currently owned by insiders.
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.
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