Emera (TSE:EMA) Stock Passes Above 200 Day Moving Average of $53.01

Emera Inc (TSE:EMA) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $53.01 and traded as high as $58.50. Emera shares last traded at $58.29, with a volume of 308,814 shares.

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada increased their price objective on shares of Emera from C$59.00 to C$62.00 in a research report on Wednesday, August 21st. Raymond James reiterated a “market perform” rating and set a C$56.00 price objective on shares of Emera in a research report on Tuesday, August 13th. BMO Capital Markets increased their price objective on shares of Emera from C$55.00 to C$57.00 in a research report on Monday, September 9th. Wells Fargo & Co raised their price target on shares of Emera from C$59.00 to C$60.00 in a report on Tuesday, September 3rd. Finally, CSFB raised their price target on shares of Emera from C$50.00 to C$56.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of C$55.09.

The company has a debt-to-equity ratio of 181.23, a current ratio of 0.60 and a quick ratio of 0.39. The firm has a market capitalization of $13.77 billion and a price-to-earnings ratio of 18.04. The business’s fifty day simple moving average is C$56.60 and its 200 day simple moving average is C$53.01.



Emera (TSE:EMA) last posted its quarterly earnings results on Monday, August 12th. The company reported C$0.54 EPS for the quarter, missing analysts’ consensus estimates of C$0.55 by C($0.01). The business had revenue of C$1.38 billion for the quarter, compared to analyst estimates of C$1.53 billion. Equities research analysts expect that Emera Inc will post 2.8595049 earnings per share for the current fiscal year.

About Emera (TSE:EMA)

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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