CSFB Boosts Emera (TSE:EMA) Price Target to C$66.00

Emera (TSE:EMA – Get Rating) had its price target upped by investment analysts at CSFB from C$63.00 to C$66.00 in a report issued on Wednesday, BayStreet.CA reports. CSFB’s target price would indicate a potential upside of 2.09% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. TD Securities upped their price target on shares of Emera from C$64.00 to C$66.00 and gave the company a “buy” rating in a research note on Thursday, January 6th. CIBC increased their price objective on Emera from C$60.00 to C$64.00 in a research note on Tuesday, January 11th. BMO Capital Markets lifted their target price on Emera from C$65.00 to C$68.00 in a research note on Friday, March 18th. Raymond James set a C$61.00 price target on shares of Emera and gave the company a “market perform” rating in a research note on Tuesday, February 15th. Finally, Credit Suisse Group increased their price target on shares of Emera to C$63.00 and gave the stock a “neutral” rating in a report on Thursday, January 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$63.31.

Shares of EMA traded down C$0.01 during mid-day trading on Wednesday, hitting C$64.65. 206,578 shares of the company traded hands, compared to its average volume of 1,117,426. The stock has a 50-day moving average price of C$60.60 and a two-hundred day moving average price of C$59.94. The stock has a market cap of C$16.98 billion and a price-to-earnings ratio of 32.66. The company has a debt-to-equity ratio of 162.19, a quick ratio of 0.30 and a current ratio of 0.64. Emera has a 1 year low of C$55.42 and a 1 year high of C$64.96.

Emera (TSE:EMA – Get Rating) last issued its quarterly earnings results on Monday, February 14th. The company reported C$0.64 EPS for the quarter, missing analysts’ consensus estimates of C$0.65 by C($0.01). The business had revenue of C$1.87 billion during the quarter, compared to analyst estimates of C$1.43 billion. On average, analysts forecast that Emera will post 3.2349946 EPS for the current year.

About Emera (Get Rating)

Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.

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