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

Emera Incorporated (TSE:EMA) has received an average rating of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$73.31.

A number of equities analysts have issued reports on the stock. Raymond James Financial lifted their target price on shares of Emera from C$73.00 to C$74.50 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. National Bank Financial raised their price objective on shares of Emera from C$67.00 to C$68.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 24th. BMO Capital Markets lifted their price objective on Emera from C$72.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. Scotiabank upped their target price on Emera from C$72.00 to C$78.00 in a research note on Tuesday, December 16th. Finally, TD Securities increased their target price on Emera from C$74.00 to C$75.00 and gave the company a “buy” rating in a report on Tuesday, February 24th.

Emera Stock Performance

Shares of EMA stock opened at C$73.32 on Monday. The stock has a market cap of C$22.12 billion, a P/E ratio of 21.69, a P/E/G ratio of 6.20 and a beta of 0.54. 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 has a fifty-two week low of C$56.59 and a fifty-two week high of C$73.75. The business has a fifty day simple moving average of C$70.22 and a 200-day simple moving average of C$68.27.

Emera (TSE:EMA) last released its quarterly earnings data on Monday, February 23rd. The company reported C$0.55 EPS for the quarter. The business had revenue of C$2.01 billion for the quarter. Emera had a net margin of 13.11% and a return on equity of 8.11%. On average, analysts forecast that Emera will post 3.1991627 earnings per share for the current fiscal year.

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.