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

Emera Incorporated (TSE:EMA) has been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$71.00.

EMA has been the subject of several analyst reports. National Bankshares increased their target price on shares of Emera from C$63.00 to C$67.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 17th. Raymond James Financial upped their price target on shares of Emera from C$70.00 to C$73.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Scotiabank raised their price objective on shares of Emera from C$72.00 to C$78.00 in a research report on Tuesday, December 16th. Desjardins lifted their target price on shares of Emera from C$64.00 to C$68.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Finally, CIBC increased their price target on Emera from C$71.00 to C$72.00 in a research note on Monday, November 10th.

Emera Stock Up 0.8%

Shares of EMA stock opened at C$68.45 on Wednesday. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23. Emera has a 12 month low of C$53.50 and a 12 month high of C$69.62. The stock has a market cap of C$20.65 billion, a P/E ratio of 18.76, a P/E/G ratio of 6.20 and a beta of 0.59. The company has a 50 day simple moving average of C$67.14 and a two-hundred day simple moving average of C$66.08.

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

Insider Activity

In related news, insider Daniel Muldoon sold 8,000 shares of Emera stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of C$67.00, for a total transaction of C$536,000.00. Following the sale, the insider owned 2,378 shares of the company’s stock, valued at approximately C$159,326. This trade represents a 77.09% decrease in their position. Also, Director Scott Carlyle Balfour sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of C$67.75, for a total value of C$677,500.00. Following the completion of the transaction, the director directly owned 7,733 shares in the company, valued at approximately C$523,910.75. This represents a 56.39% decrease in their ownership of the stock. Insiders have sold 38,000 shares of company stock valued at $2,578,500 in the last quarter. 0.09% of the stock is currently owned by company insiders.

About Emera

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.