Emera Inc (TSE:EMA) Receives Consensus Rating of “Hold” from Analysts

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Shares of Emera Inc (TSE:EMA) have been given an average rating of “Hold” by the ten analysts that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$55.50.

A number of equities research analysts recently weighed in on EMA shares. CSFB upped their price target on Emera from C$50.00 to C$56.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Raymond James restated a “market perform” rating and issued a C$56.00 price target on shares of Emera in a report on Tuesday, August 13th. National Bank Financial upped their price target on Emera from C$52.00 to C$54.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 13th. BMO Capital Markets upped their price target on Emera from C$55.00 to C$57.00 in a report on Monday, September 9th. Finally, Wells Fargo & Co upped their price target on Emera from C$59.00 to C$60.00 in a report on Tuesday, September 3rd.

TSE EMA opened at C$56.24 on Wednesday. The stock has a market capitalization of $13.41 billion and a price-to-earnings ratio of 17.40. The company has a current ratio of 0.60, a quick ratio of 0.39 and a debt-to-equity ratio of 181.23. The business’s 50 day moving average is C$57.35 and its two-hundred day moving average is C$54.22. Emera has a 12-month low of C$39.14 and a 12-month high of C$58.89.

Emera (TSE:EMA) last released its quarterly earnings results on Monday, August 12th. The company reported C$0.54 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.55 by C($0.01). The company had revenue of C$1.38 billion during the quarter, compared to analyst estimates of C$1.53 billion. Equities analysts forecast that Emera will post 2.8694909 earnings per share for the current fiscal year.

Emera Company Profile

Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company is also involved in gas transmission and utility energy services businesses; and the provision of energy marketing, trading, and other energy asset management services.

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Analyst Recommendations for Emera (TSE:EMA)

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