Emera Incorporated (TSE:EMA) Given Average Rating of “Hold” by Analysts

Emera Incorporated (TSE:EMAGet Rating) has been given a consensus rating of “Hold” by the thirteen analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$63.54.

Several research analysts have weighed in on the company. Credit Suisse Group boosted their price objective on Emera to C$66.00 and gave the stock a “neutral” rating in a research report on Wednesday. BMO Capital Markets upped their price target on Emera from C$65.00 to C$68.00 in a research report on Friday, March 18th. TD Securities upped their price target on Emera from C$64.00 to C$66.00 and gave the company a “buy” rating in a research report on Thursday, January 6th. CSFB upped their price target on Emera from C$63.00 to C$66.00 in a research report on Wednesday. Finally, CIBC upped their price target on Emera from C$60.00 to C$64.00 in a research report on Tuesday, January 11th.

EMA stock traded down C$0.24 during midday trading on Friday, hitting C$64.53. The company’s stock had a trading volume of 1,695,300 shares, compared to its average volume of 1,140,917. The stock’s 50-day moving average price is C$60.89 and its 200 day moving average price is C$60.06. The company has a quick ratio of 0.30, a current ratio of 0.64 and a debt-to-equity ratio of 162.19. Emera has a 1 year low of C$55.42 and a 1 year high of C$64.97. The stock has a market cap of C$16.95 billion and a price-to-earnings ratio of 32.59.

Emera (TSE:EMAGet Rating) last posted its quarterly earnings data on Monday, February 14th. The company reported C$0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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. As a group, equities analysts forecast that Emera will post 3.2349946 earnings per share for the current fiscal 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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