Emera Incorporated (TSE:EMA) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Emera Incorporated (TSE:EMA) have been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$67.27.

A number of brokerages have weighed in on EMA. TD Securities lifted their target price on Emera from C$69.00 to C$74.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Desjardins lifted their price objective on Emera from C$64.00 to C$68.00 and gave the company a “hold” rating in a report on Wednesday, October 22nd. CIBC upped their price objective on shares of Emera from C$71.00 to C$72.00 in a research note on Monday, November 10th. National Bankshares raised their target price on shares of Emera from C$60.00 to C$62.00 and gave the company a “sector perform” rating in a research report on Monday, August 11th. Finally, Royal Bank Of Canada boosted their price target on shares of Emera from C$70.00 to C$76.00 in a report on Monday, November 10th.

Emera Trading Down 0.3%

Shares of EMA opened at C$67.82 on Tuesday. The firm has a market capitalization of C$20.39 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 6.20 and a beta of 0.57. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23. Emera has a 1-year low of C$51.23 and a 1-year high of C$69.62. The company has a 50-day moving average of C$67.42 and a 200 day moving average of C$64.69.

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

Insiders Place Their Bets

In other Emera news, Director Judy Ann Steele sold 794 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of C$64.90, for a total transaction of C$51,530.60. Following the completion of the sale, the director owned 352 shares in the company, valued at C$22,844.80. This represents a 69.28% decrease in their ownership of the stock. Also, Director Archibald Collins sold 30,600 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of C$64.95, for a total value of C$1,987,470.00. Following the sale, the director directly owned 13,045 shares in the company, valued at C$847,272.75. This trade represents a 70.11% decrease in their position. In the last 90 days, insiders have sold 49,494 shares of company stock valued at $3,213,691. 0.09% of the stock is owned by company insiders.

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.