National Bankshares Forecasts Strong Price Appreciation for Emera (TSE:EMA) Stock

Emera (TSE:EMA) had its price target raised by equities research analysts at National Bankshares from C$63.00 to C$67.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ target price suggests a potential upside of 0.45% from the stock’s current price.

Other analysts also recently issued research reports about the company. Desjardins lifted their target price on Emera from C$64.00 to C$68.00 and gave the company a “hold” rating in a research report on Wednesday, October 22nd. Raymond James Financial boosted their price objective on Emera from C$70.00 to C$73.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Scotiabank increased their target price on Emera from C$72.00 to C$78.00 in a research note on Tuesday. Royal Bank Of Canada lifted their price target on Emera from C$70.00 to C$76.00 in a report on Monday, November 10th. Finally, CIBC upped their price objective on Emera from C$71.00 to C$72.00 in a report on Monday, November 10th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$71.00.

Emera Stock Up 0.2%

EMA traded up C$0.13 during trading on Wednesday, reaching C$66.70. The company had a trading volume of 242,720 shares, compared to its average volume of 1,188,344. The company has a market cap of C$20.13 billion, a P/E ratio of 18.08, a PEG ratio of 6.20 and a beta of 0.57. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23. Emera has a 12 month low of C$51.23 and a 12 month high of C$69.62. The business’s fifty day moving average price is C$67.46 and its 200 day moving average price is C$65.12.

Emera (TSE:EMA) last released its earnings results on Friday, November 7th. The company reported C$0.88 earnings per share (EPS) for the quarter. The firm had revenue of C$2.11 billion during the quarter. Emera had a return on equity of 6.06% and a net margin of 10.51%. Equities analysts anticipate that Emera will post 3.1991627 EPS for the current year.

Insider Activity at Emera

In other Emera news, Director Scott Carlyle Balfour sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of C$68.25, for a total transaction of C$1,365,000.00. Following the completion of the transaction, the director directly owned 7,733 shares in the company, valued at C$527,777.25. The trade was a 72.12% decrease in their ownership of the stock. Insiders own 0.09% of the company’s stock.

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.