Emera (TSE:EMA) had its price target increased by analysts at JPMorgan Chase & Co. from C$57.00 to C$58.00 in a research report issued on Friday, BayStreet.CA reports. JPMorgan Chase & Co.‘s price objective points to a potential upside of 2.95% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Credit Suisse Group lowered shares of Emera from an “outperform” rating to a “neutral” rating and reduced their target price for the company from C$64.00 to C$60.00 in a report on Wednesday, July 22nd. CSFB lowered shares of Emera from an “outperform” rating to a “neutral” rating and cut their price target for the company from C$64.00 to C$60.00 in a research report on Wednesday, July 22nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Emera currently has a consensus rating of “Buy” and a consensus target price of C$61.50.

Shares of TSE EMA opened at C$56.34 on Friday. The stock’s 50-day moving average is C$54.47 and its 200 day moving average is C$54.11. The stock has a market cap of $13.89 billion and a price-to-earnings ratio of 16.63. Emera has a 1-year low of C$42.12 and a 1-year high of C$60.94. The company has a current ratio of 0.57, a quick ratio of 0.29 and a debt-to-equity ratio of 169.45.

Emera (TSE:EMA) last issued its earnings results on Wednesday, August 12th. The company reported C$0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.51 by C($0.04). The business had revenue of C$1.17 billion during the quarter, compared to analyst estimates of C$1.37 billion. On average, analysts forecast that Emera will post 3.0102463 EPS for the current fiscal year.

About Emera

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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