Emera (TSE:EMA – Get Free Report) had its price target dropped by equities researchers at Scotiabank from C$56.00 to C$52.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 11.25% from the stock’s previous close.
A number of other analysts have also weighed in on EMA. Raymond James reduced their target price on Emera from C$59.00 to C$55.00 in a research note on Tuesday, February 27th. Royal Bank of Canada cut their price target on Emera from C$62.00 to C$60.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 27th. TD Securities cut their price target on Emera from C$62.00 to C$57.00 and set a “buy” rating on the stock in a research note on Tuesday, February 27th. JPMorgan Chase & Co. cut their price target on Emera from C$50.00 to C$48.00 and set an “underweight” rating on the stock in a research note on Monday, January 22nd. Finally, National Bankshares cut their price target on Emera from C$50.00 to C$49.00 in a research note on Tuesday, February 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Emera has an average rating of “Hold” and an average target price of C$54.60.
Emera Stock Up 0.1 %
Emera (TSE:EMA – Get Free Report) last issued its quarterly earnings results on Monday, February 26th. The company reported C$0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.71 by C($0.08). Emera had a return on equity of 8.88% and a net margin of 13.80%. The company had revenue of C$1.97 billion during the quarter, compared to the consensus estimate of C$1.97 billion. On average, sell-side analysts expect that Emera will post 3.2788927 EPS for the current year.
Emera Company Profile
Emera Incorporated, 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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