Emera Incorporated (EMA.TO) (TSE:EMA) Sets New 52-Week Low on Analyst Downgrade


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Emera Incorporated (EMA.TO) (TSE:EMA)’s share price reached a new 52-week low on Wednesday after CIBC lowered their price target on the stock from C$58.00 to C$57.00. The company traded as low as C$0.05 and last traded at C$0.05, with a volume of 1106986 shares changing hands. The stock had previously closed at C$51.76.

Other research analysts have also issued reports about the stock. Royal Bank of Canada raised their price objective on shares of Emera Incorporated (EMA.TO) from C$63.00 to C$64.00 and gave the company an “outperform” rating in a research note on Monday, November 16th. Raymond James set a C$63.00 target price on shares of Emera Incorporated (EMA.TO) and gave the company an “outperform” rating in a report on Monday, November 16th. JPMorgan Chase & Co. lowered their target price on shares of Emera Incorporated (EMA.TO) from C$58.00 to C$56.00 in a report on Wednesday, January 6th. Finally, UBS Group increased their target price on shares of Emera Incorporated (EMA.TO) from C$65.00 to C$68.00 in a report on Monday, November 16th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Emera Incorporated (EMA.TO) has an average rating of “Buy” and a consensus price target of C$61.45.

The company has a quick ratio of 0.28, a current ratio of 0.54 and a debt-to-equity ratio of 168.01. The company has a market cap of C$13.06 billion and a PE ratio of 15.01. The stock has a 50-day moving average of C$53.80 and a 200-day moving average of C$54.43.

Emera Incorporated (EMA.TO) (TSE:EMA) last issued its quarterly earnings data on Friday, November 13th. The company reported C$0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.63 by C$0.04. The business had revenue of C$1.16 billion during the quarter, compared to analysts’ expectations of C$1.47 billion. Research analysts expect that Emera Incorporated will post 2.96 EPS for the current year.

About Emera Incorporated (EMA.TO) (TSE:EMA)

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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