Emera (TSE:EMA) Given New C$49.00 Price Target at National Bankshares

Emera (TSE:EMA) had its price target boosted by research analysts at National Bankshares from C$48.00 to C$49.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ target price indicates a potential downside of 1.35% from the company’s current price.

A number of other equities research analysts also recently commented on EMA. TD Securities dropped their price objective on Emera from C$57.00 to C$54.00 and set a “buy” rating for the company in a report on Tuesday, May 14th. Raymond James dropped their price objective on Emera from C$55.00 to C$54.00 in a report on Thursday, April 25th. JPMorgan Chase & Co. upped their price objective on Emera from C$45.00 to C$46.00 in a report on Thursday, July 25th. CIBC dropped their price objective on Emera from C$51.00 to C$50.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Finally, BMO Capital Markets upped their price objective on Emera from C$36.00 to C$37.00 and gave the company an “outperform” rating in a report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$50.56.

Emera Trading Down 0.1 %

Shares of EMA stock traded down C$0.04 on Tuesday, reaching C$49.67. 535,195 shares of the stock were exchanged, compared to its average volume of 1,249,798. The stock has a market cap of C$14.24 billion, a PE ratio of 22.32, a P/E/G ratio of 2.77 and a beta of 0.28. Emera has a one year low of C$43.67 and a one year high of C$52.39. The company has a debt-to-equity ratio of 160.58, a current ratio of 0.73 and a quick ratio of 0.23. The stock has a 50 day moving average price of C$46.87 and a 200 day moving average price of C$47.50.

Emera (TSE:EMA) last released its earnings results on Monday, May 13th. The company reported C$0.76 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.79 by C($0.03). The firm had revenue of C$2.02 billion for the quarter, compared to the consensus estimate of C$2.04 billion. Emera had a return on equity of 5.71% and a net margin of 9.69%. Equities research analysts forecast that Emera will post 3.0053635 EPS for the current fiscal 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.