Emera (TSE:EMA – Get Free Report) had its price target upped by Desjardins from C$74.00 to C$76.00 in a note issued to investors on Monday, BayStreet reports. The firm presently has a “hold” rating on the stock. Desjardins‘s price target would indicate a potential upside of 5.72% from the stock’s previous close.
A number of other equities research analysts have also recently commented on EMA. Raymond James Financial increased their price target on Emera from C$75.25 to C$77.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. National Bank Financial upped their price objective on shares of Emera from C$74.00 to C$75.00 and gave the company a “sector perform” rating in a report on Monday. TD dropped their target price on shares of Emera from C$79.00 to C$75.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Scotiabank upped their price target 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, BMO Capital Markets raised their price target on shares of Emera from C$76.00 to C$80.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$76.33.
Read Our Latest Report on Emera
Emera Stock Up 0.4%
Shares of EMA stock traded up C$0.30 during trading hours on Monday, reaching C$71.89. 322,381 shares of the company’s stock were exchanged, compared to its average volume of 1,343,351. Emera has a fifty-two week low of C$64.62 and a fifty-two week high of C$77.99. The stock’s 50 day moving average is C$68.25 and its 200-day moving average is C$71.11. The company has a current ratio of 0.73, a quick ratio of 0.23 and a debt-to-equity ratio of 153.87. 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 (TSE:EMA – Get Free Report) last posted its quarterly earnings data on Friday, November 6th. The company reported C$0.85 earnings per share for the quarter. Emera had a return on equity of 7.51% and a net margin of 12.85%. The firm had revenue of C$1.98 billion during the quarter. Analysts predict 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.
Read More
- Five stocks we like better than Emera
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
- Want to Escape the AI Sell-Off? This ETF Offers a Surprising Alternative
Receive News & Ratings for Emera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emera and related companies with MarketBeat.com's FREE daily email newsletter.
