Emera Incorporated (TSE:EMA) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Emera Incorporated (TSE:EMA) have received an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$67.27.

EMA has been the subject of several recent research reports. BMO Capital Markets boosted their target price on shares of Emera from C$68.00 to C$72.00 in a research note on Monday, November 10th. Scotiabank increased their price objective on shares of Emera from C$70.00 to C$72.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. CIBC raised their target price on shares of Emera from C$71.00 to C$72.00 in a report on Monday, November 10th. Royal Bank Of Canada upped their target price on Emera from C$70.00 to C$76.00 in a report on Monday, November 10th. Finally, Desjardins raised their price target on Emera from C$64.00 to C$68.00 and gave the stock a “hold” rating in a report on Wednesday, October 22nd.

Emera Trading Up 1.3%

Shares of TSE EMA opened at C$67.65 on Tuesday. The company has a quick ratio of 0.23, a current ratio of 0.72 and a debt-to-equity ratio of 150.23. The stock’s 50 day moving average price is C$67.06 and its two-hundred day moving average price is C$64.51. Emera has a 52-week low of C$51.23 and a 52-week high of C$69.62. The stock has a market capitalization of C$20.34 billion, a P/E ratio of 18.33, a PEG ratio of 6.20 and a beta of 0.57.

Emera (TSE:EMA) last issued its quarterly earnings results on Friday, November 7th. The company reported C$0.88 earnings per share for the quarter. The business 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%. On average, analysts anticipate that Emera will post 3.1991627 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Archibald Collins sold 30,600 shares of Emera stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of C$64.95, for a total value of C$1,987,470.00. Following the sale, the director directly owned 13,045 shares in the company, valued at C$847,272.75. This trade represents a 70.11% decrease in their position. Also, Director Judy Ann Steele sold 794 shares of the business’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of C$64.90, for a total transaction of C$51,530.60. Following the transaction, the director directly owned 352 shares of the company’s stock, valued at C$22,844.80. The trade was a 69.28% decrease in their ownership of the stock. Insiders sold 49,494 shares of company stock worth $3,213,691 over the last quarter. 0.09% of the stock is currently owned by company insiders.

About Emera

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.