Emera Incorporated (TSE:EMA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Emera Incorporated (TSE:EMA) have earned an average rating of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$73.31.

Several brokerages recently weighed in on EMA. TD Securities increased their price target on shares of Emera from C$74.00 to C$75.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Raymond James Financial lifted their price objective on shares of Emera from C$73.00 to C$74.50 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. Desjardins upped their price objective on shares of Emera from C$68.00 to C$69.00 and gave the company a “hold” rating in a report on Tuesday, February 24th. National Bank Financial increased their price objective on shares of Emera from C$67.00 to C$68.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 24th. Finally, BMO Capital Markets boosted their target price on shares of Emera from C$72.00 to C$74.00 and gave the company an “outperform” rating in a research report on Tuesday, February 24th.

Emera Stock Performance

Shares of EMA opened at C$73.32 on Monday. The company has a debt-to-equity ratio of 161.69, a quick ratio of 0.23 and a current ratio of 0.66. The stock has a 50-day moving average of C$70.22 and a two-hundred day moving average of C$68.21. The stock has a market cap of C$22.12 billion, a P/E ratio of 21.69, a P/E/G ratio of 6.20 and a beta of 0.64. Emera has a one year low of C$56.59 and a one year high of C$73.75.

Emera (TSE:EMA) last announced its quarterly earnings data on Monday, February 23rd. The company reported C$0.55 earnings per share for the quarter. Emera had a return on equity of 8.11% and a net margin of 13.11%.The business had revenue of C$2.01 billion for the quarter. As a group, research analysts predict that Emera will post 3.1991627 EPS for the current year.

Emera Company Profile

Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.