Emera (TSE:EMA) Price Target Raised to C$77.00 at TD

Emera (TSE:EMA) had its target price lifted by stock analysts at TD from C$75.00 to C$77.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD’s target price would suggest a potential upside of 7.33% from the company’s previous close.

EMA has been the topic of a number of other reports. Desjardins raised their price target on shares of Emera from C$69.00 to C$70.00 and gave the company a “hold” rating in a research note on Tuesday, April 28th. TD Securities lifted their price target on Emera from C$74.00 to C$75.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Raymond James Financial boosted their price target on Emera from C$74.50 to C$75.25 and gave the stock an “outperform” rating in a report on Tuesday, April 28th. Barclays set a C$72.00 price objective on shares of Emera and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Finally, National Bank Financial lifted their target price on shares of Emera from C$67.00 to C$68.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 24th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$73.75.

Emera Price Performance

EMA stock traded down C$0.22 during mid-day trading on Monday, hitting C$71.74. The stock had a trading volume of 241,838 shares, compared to its average volume of 1,297,694. The company has a current ratio of 1.07, a quick ratio of 0.23 and a debt-to-equity ratio of 19.39. Emera has a 52 week low of C$59.02 and a 52 week high of C$74.80. The firm has a market capitalization of C$21.94 billion, a P/E ratio of 21.22, a P/E/G ratio of 6.20 and a beta of 0.58. The firm has a fifty day simple moving average of C$71.77 and a 200 day simple moving average of C$69.13.

Emera (TSE:EMA) last released its earnings results on Friday, May 8th. The company reported C$1.37 EPS for the quarter. Emera had a net margin of 13.20% and a return on equity of 7.90%. The firm had revenue of C$2.81 billion for the quarter. As a group, research analysts forecast that Emera will post 3.1991627 EPS for the current year.

About Emera

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.