Emera (TSE:EMA) Given a C$74.00 Price Target at Desjardins

Emera (TSE:EMA) has been assigned a C$74.00 target price by Desjardins in a report released on Tuesday, BayStreet reports. The brokerage presently has a “hold” rating on the stock. Desjardins‘s price objective suggests a potential upside of 7.87% from the company’s current price.

A number of other brokerages have also weighed in on EMA. Scotiabank lifted their price target on shares of Emera from C$78.00 to C$80.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 21st. BMO Capital Markets increased their target price on Emera from C$76.00 to C$80.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. lifted their target price on Emera from C$73.00 to C$79.00 in a report on Tuesday, July 21st. Barclays reduced their price objective on Emera from C$74.00 to C$71.00 in a research note on Monday, August 10th. Finally, Royal Bank Of Canada boosted their target price on Emera from C$76.00 to C$84.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$76.25.

Emera Trading Up 0.1%

TSE:EMA traded up C$0.05 during mid-day trading on Tuesday, reaching C$68.60. The company’s stock had a trading volume of 1,321,221 shares, compared to its average volume of 1,305,493. The company has a debt-to-equity ratio of 153.87, a current ratio of 0.73 and a quick ratio of 0.23. The stock has a market cap of C$20.98 billion, a P/E ratio of 21.78, a P/E/G ratio of 6.20 and a beta of 0.42. The company’s fifty day simple moving average is C$68.32 and its two-hundred day simple moving average is C$71.01. Emera has a twelve month low of C$64.62 and a twelve month high of C$77.99.

Emera (TSE:EMA) last posted its quarterly earnings data on Friday, August 7th. The company reported C$0.69 EPS for the quarter. The company had revenue of C$2.01 billion during the quarter. Emera had a net margin of 12.85% and a return on equity of 7.51%. On average, equities analysts predict that Emera will post 3.20 EPS for the current year.

Emera Company Profile

Emera (TSX/NYSE: EMA) is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.7 million customers in the United States, Canada and the Caribbean. Our team of 7,800 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera’s common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange.