Emera (TSE:EMA) PT Raised to C$65.00 at BMO Capital Markets

Emera (TSE:EMA) had its target price lifted by investment analysts at BMO Capital Markets from C$62.00 to C$65.00 in a research report issued to clients and investors on Monday, Analyst Ratings Network reports. The brokerage presently has a “na” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 11.34% from the company’s current price.

A number of other brokerages also recently commented on EMA. UBS Group reissued a “buy” rating and issued a C$65.00 price objective on shares of Emera in a research report on Monday, August 9th. National Bank Financial decreased their price target on shares of Emera to C$58.00 and set a “sector perform” rating for the company in a research note on Thursday, August 12th. JPMorgan Chase & Co. increased their price target on shares of Emera from C$59.00 to C$62.00 and gave the stock a “na” rating in a research note on Tuesday, August 17th. Credit Suisse Group reiterated a “neutral” rating on shares of Emera in a research note on Thursday, September 2nd. Finally, CIBC restated a “neutral” rating and issued a C$59.00 target price on shares of Emera in a research note on Wednesday, August 11th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Emera has an average rating of “Hold” and an average target price of C$61.64.

EMA traded down C$0.04 during trading hours on Monday, hitting C$58.38. 394,126 shares of the company’s stock were exchanged, compared to its average volume of 922,807. Emera has a 12-month low of C$49.66 and a 12-month high of C$60.26. The firm has a 50 day moving average of C$58.77 and a 200 day moving average of C$57.04. The company has a current ratio of 0.67, a quick ratio of 0.31 and a debt-to-equity ratio of 161.88. The firm has a market cap of C$14.97 billion and a P/E ratio of 24.02.

Emera (TSE:EMA) last announced its quarterly earnings data on Wednesday, August 11th. The company reported C$0.54 EPS for the quarter, meeting the Zacks’ consensus estimate of C$0.54. The firm had revenue of C$1.14 billion during the quarter, compared to analysts’ expectations of C$1.21 billion. As a group, research analysts expect that Emera will post 3.0799999 EPS for the current fiscal year.

Emera Company Profile

Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.

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Analyst Recommendations for Emera (TSE:EMA)

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