Emera (TSE:EMA) Price Target Lowered to C$54.00 at Raymond James

Emera (TSE:EMA) had its target price decreased by research analysts at Raymond James from C$55.00 to C$54.00 in a report issued on Thursday, BayStreet.CA reports. Raymond James’ price objective points to a potential upside of 16.30% from the stock’s previous close. Raymond James also issued estimates for Emera’s FY2024 earnings at $2.89 EPS, Q1 2025 earnings at $1.01 EPS and Q4 2025 earnings at $0.84 EPS.

Several other research firms have also recently commented on EMA. National Bankshares cut their price target on Emera from C$50.00 to C$49.00 in a report on Tuesday, February 27th. Royal Bank of Canada cut their price target on Emera from C$62.00 to C$60.00 and set an “outperform” rating for the company in a report on Tuesday, February 27th. CIBC cut their target price on Emera from C$53.00 to C$51.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. TD Securities cut their target price on Emera from C$62.00 to C$57.00 and set a “buy” rating for the company in a research note on Tuesday, February 27th. Finally, JPMorgan Chase & Co. cut their target price on Emera from C$50.00 to C$48.00 and set an “underweight” rating for the company in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$54.50.

Emera Price Performance

TSE:EMA opened at C$46.43 on Thursday. Emera has a one year low of C$43.67 and a one year high of C$59.52. The company has a debt-to-equity ratio of 164.26, a quick ratio of 0.23 and a current ratio of 0.82. The stock has a market cap of C$13.27 billion, a PE ratio of 13.01, a P/E/G ratio of 2.77 and a beta of 0.28. The stock has a 50 day moving average price of C$47.54 and a 200 day moving average price of C$48.13.

Emera (TSE:EMA) last posted its quarterly earnings results on Monday, February 26th. The company reported C$0.63 EPS for the quarter, missing the consensus estimate of C$0.71 by C($0.08). Emera had a net margin of 13.80% and a return on equity of 8.88%. The company had revenue of C$1.97 billion during the quarter, compared to analyst estimates of C$1.97 billion. Equities research analysts expect that Emera will post 3.2788927 EPS for the current fiscal year.

Emera Company Profile

Emera Incorporated, 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.