Emera Incorporated (TSE:EMA) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Emera Incorporated (TSE:EMA) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$71.72.

A number of brokerages have recently commented on EMA. BMO Capital Markets boosted their price target on Emera from C$72.00 to C$74.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. National Bank Financial lifted their target price on Emera from C$67.00 to C$68.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 24th. Scotiabank boosted their target price on Emera from C$72.00 to C$78.00 in a research note on Tuesday, December 16th. Desjardins boosted their target price on Emera from C$68.00 to C$69.00 and gave the company a “hold” rating in a research note on Tuesday, February 24th. Finally, Raymond James Financial upped their price target on Emera from C$73.00 to C$74.50 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th.

Emera Trading Down 0.0%

Shares of TSE:EMA opened at C$71.41 on Thursday. The firm has a market cap of C$21.55 billion, a price-to-earnings ratio of 21.13, a PEG ratio of 6.20 and a beta of 0.64. Emera has a 12 month low of C$56.59 and a 12 month high of C$72.00. The company’s fifty day simple moving average is C$68.82 and its 200 day simple moving average is C$67.40. The company has a quick ratio of 0.23, a current ratio of 0.66 and a debt-to-equity ratio of 161.69.

Emera (TSE:EMA) last announced its earnings results on Monday, February 23rd. The company reported C$1.48 earnings per share for the quarter. The firm had revenue of C$2.01 billion during the quarter. Emera had a net margin of 13.11% and a return on equity of 8.11%. As a group, research analysts forecast that Emera will post 3.1991627 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Scott Carlyle Balfour sold 10,000 shares of the firm’s 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 completion of the transaction, the director owned 7,733 shares of the company’s stock, valued at approximately C$523,910.75. This trade represents a 56.39% decrease in their ownership of the stock. Also, insider Daniel Muldoon sold 8,000 shares of Emera stock in a transaction 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 owned 2,378 shares in the company, valued at C$159,326. The trade was a 77.09% decrease in their ownership of the stock. Insiders own 0.09% of the company’s stock.

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.