Emera (TSE:EMA) Price Target Raised to C$75.00 at TD Securities

Emera (TSE:EMA) had its price target boosted by research analysts at TD Securities from C$74.00 to C$75.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 8.18% from the company’s current price.

Several other analysts have also issued reports on EMA. BMO Capital Markets boosted their price objective on shares of Emera from C$68.00 to C$72.00 in a report on Monday, November 10th. Scotiabank raised their price target on shares of Emera from C$72.00 to C$78.00 in a research report on Tuesday, December 16th. Canadian Imperial Bank of Commerce boosted their price objective on Emera from C$71.00 to C$72.00 in a research report on Monday, November 10th. Royal Bank Of Canada lifted their price objective on shares of Emera from C$70.00 to C$76.00 in a research report on Monday, November 10th. Finally, National Bank Financial boosted 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 research note on Wednesday, December 17th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$71.72.

Emera Trading Down 1.1%

TSE EMA traded down C$0.80 on Tuesday, reaching C$69.33. 309,223 shares of the company were exchanged, compared to its average volume of 1,464,986. Emera has a fifty-two week low of C$56.59 and a fifty-two week high of C$71.86. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23. The business’s fifty day moving average price is C$67.94 and its 200 day moving average price is C$67.02. The stock has a market capitalization of C$20.92 billion, a P/E ratio of 19.00, a price-to-earnings-growth ratio of 6.20 and a beta of 0.59.

Emera (TSE:EMA) last announced its quarterly earnings data on Monday, February 23rd. The company reported C$1.48 earnings per share (EPS) for the quarter. The firm had revenue of C$2.01 billion during the quarter. Emera had a net margin of 10.51% and a return on equity of 6.06%. Analysts forecast that Emera will post 3.1991627 earnings per share for the current year.

Insiders Place Their Bets

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