Shares of Emera Inc (TSE:EMA) have earned a consensus recommendation of “Buy” from the eleven brokerages that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$49.73.

A number of analysts have recently issued reports on EMA shares. CIBC lifted their price target on Emera from C$45.00 to C$47.00 and gave the company an “average” rating in a research report on Tuesday, January 15th. National Bank Financial lifted their price target on Emera from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 23rd. Royal Bank of Canada reiterated an “average” rating and set a C$53.00 price target (up previously from C$50.00) on shares of Emera in a research report on Wednesday, February 20th. TD Securities lifted their price target on Emera from C$48.00 to C$50.00 and gave the company a “buy” rating in a research report on Wednesday, February 20th. Finally, Raymond James reiterated an “outperform” rating and set a C$50.00 price target on shares of Emera in a research report on Wednesday, February 20th.

EMA stock opened at C$50.37 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.62 and a debt-to-equity ratio of 198.58. The stock has a market cap of $11.79 billion and a price-to-earnings ratio of 16.57. Emera has a twelve month low of C$38.09 and a twelve month high of C$51.05.

Emera (TSE:EMA) last issued its quarterly earnings results on Tuesday, February 19th. The company reported C$0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.63 by C$0.08. The business had revenue of C$1.80 billion for the quarter, compared to the consensus estimate of C$1.61 billion. Sell-side analysts expect that Emera will post 2.919999972273 EPS for the current fiscal year.

Emera Company Profile

Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company is also involved in gas transmission and utility energy services businesses; and the provision of energy marketing, trading, and other energy asset management services.

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Analyst Recommendations for Emera (TSE:EMA)

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