Analysts Set Emera Incorporated (TSE:EMA) Price Target at C$71.00

Shares of Emera Incorporated (TSE:EMA) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$71.00.

A number of equities analysts have commented on the stock. Canadian Imperial Bank of Commerce boosted their price objective on shares of Emera from C$71.00 to C$72.00 in a report on Monday, November 10th. Desjardins boosted their price target on Emera from C$64.00 to C$68.00 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. Royal Bank Of Canada increased their price target on Emera from C$70.00 to C$76.00 in a report on Monday, November 10th. National Bankshares lifted their price objective on Emera from C$63.00 to C$67.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 17th. Finally, Scotiabank upped their target price on Emera from C$72.00 to C$78.00 in a research report on Tuesday, December 16th.

Insider Buying and Selling at Emera

In other Emera news, insider Daniel Muldoon sold 8,000 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of C$67.00, for a total transaction of C$536,000.00. Following the transaction, the insider directly owned 2,378 shares in the company, valued at C$159,326. This represents a 77.09% decrease in their position. Also, Director Scott Carlyle Balfour sold 10,000 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of C$67.75, for a total transaction of C$677,500.00. Following the transaction, the director directly owned 7,733 shares of the company’s stock, valued at approximately C$523,910.75. This represents a 56.39% decrease in their ownership of the stock. Insiders sold 38,000 shares of company stock worth $2,578,500 over the last ninety days. 0.09% of the stock is currently owned by corporate insiders.

Emera Stock Performance

Emera stock opened at C$66.19 on Friday. The firm has a market capitalization of C$19.97 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 6.20 and a beta of 0.59. Emera has a one year low of C$55.03 and a one year high of C$69.75. The stock’s 50 day moving average price is C$67.25 and its 200 day moving average price is C$66.71. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72.

Emera (TSE:EMA) last posted its quarterly earnings data on Friday, November 7th. The company reported C$0.88 earnings per share (EPS) for the quarter. The company had revenue of C$2.11 billion for the quarter. Emera had a net margin of 10.51% and a return on equity of 6.06%. As a group, sell-side analysts expect that Emera will post 3.1991627 EPS for the current fiscal 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.