Emera (TSE:EMA) PT Lowered to C$54.00

Emera (TSE:EMA) had its price target dropped by equities researchers at Raymond James from C$55.00 to C$54.00 in a note issued to investors on Thursday, BayStreet.CA reports. Raymond James’ target price would indicate a potential upside of 16.30% from the company’s current price. Raymond James also issued estimates for Emera’s FY2024 earnings at $2.89 EPS, Q1 2025 earnings at $1.01 EPS and Q4 2025 earnings at $0.84 EPS.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. cut their price objective on Emera from C$50.00 to C$48.00 and set an “underweight” rating on the stock in a report on Monday, January 22nd. 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. National Bankshares lowered their price objective on Emera from C$50.00 to C$49.00 in a research note on Tuesday, February 27th. CIBC cut their target price on shares of Emera from C$53.00 to C$51.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Finally, Scotiabank reduced their target price on shares of Emera from C$56.00 to C$52.00 and set an “outperform” rating on the stock in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$54.50.

Emera Trading Up 0.6 %

TSE:EMA opened at C$46.43 on Thursday. The company has a market cap of C$13.27 billion, a P/E ratio of 13.01, a price-to-earnings-growth ratio of 2.77 and a beta of 0.28. Emera has a twelve month low of C$43.67 and a twelve month high of C$59.52. The business has a 50 day moving average price of C$47.54 and a two-hundred day moving average price of C$48.13. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 164.26.

Emera (TSE:EMA) last released its earnings results on Monday, February 26th. The company reported C$0.63 earnings per share for the quarter, missing the consensus estimate of C$0.71 by C($0.08). Emera had a net margin of 13.80% and a return on equity of 8.88%. The firm had revenue of C$1.97 billion during the quarter, compared to the consensus estimate of C$1.97 billion. As a group, analysts expect that Emera will post 3.2788927 EPS for the current fiscal year.

About Emera

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.