Emera (TSE:EMA) PT Raised to C$59.00 at JPMorgan Chase & Co.

Emera (TSE:EMA) had its target price hoisted by research analysts at JPMorgan Chase & Co. from C$58.00 to C$59.00 in a research report issued on Thursday, BayStreet.CA reports. JPMorgan Chase & Co.‘s target price indicates a potential upside of 1.97% from the stock’s current price.

Other analysts have also issued reports about the stock. Credit Suisse Group upped their price target on shares of Emera to C$59.00 and gave the stock a “neutral” rating in a research note on Friday, April 23rd. CSFB raised their price target on Emera from C$58.00 to C$59.00 in a research note on Friday, April 23rd. Raymond James reiterated a “market perform” rating and issued a C$61.00 target price on shares of Emera in a research note on Thursday, May 13th. Finally, CIBC upped their price target on Emera from C$58.00 to C$59.00 and gave the company a “neutral” rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Emera presently has a consensus rating of “Hold” and a consensus target price of C$60.22.

EMA stock traded up C$0.17 during midday trading on Thursday, hitting C$57.86. 161,765 shares of the stock were exchanged, compared to its average volume of 959,267. Emera has a fifty-two week low of C$49.66 and a fifty-two week high of C$58.67. The stock has a market capitalization of C$14.68 billion and a PE ratio of 21.03. The company has a debt-to-equity ratio of 164.64, a quick ratio of 0.29 and a current ratio of 0.56. The stock’s 50-day moving average is C$56.88.

Emera (TSE:EMA) last posted its earnings results on Wednesday, May 12th. The company reported C$0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.94 by C$0.02. The business had revenue of C$1.61 billion for the quarter, compared to analyst estimates of C$1.57 billion. Analysts predict that Emera will post 3.0899999 EPS 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 operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.

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Analyst Recommendations for Emera (TSE:EMA)

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