National Bankshares Issues Positive Forecast for Emera (TSE:EMA) Stock Price

Emera (TSE:EMA) had its price target boosted by National Bankshares from C$63.00 to C$67.00 in a report published on Wednesday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

EMA has been the subject of several other research reports. Desjardins raised their target price on Emera from C$64.00 to C$68.00 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. BMO Capital Markets upped their price target on Emera from C$68.00 to C$72.00 in a research report on Monday, November 10th. CIBC raised their price objective on shares of Emera from C$71.00 to C$72.00 in a research report on Monday, November 10th. Royal Bank Of Canada boosted their price objective on shares of Emera from C$70.00 to C$76.00 in a research note on Monday, November 10th. Finally, Raymond James Financial upped their target price on shares of Emera from C$70.00 to C$73.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$71.00.

Emera Stock Up 0.5%

EMA opened at C$66.87 on Wednesday. Emera has a 12 month low of C$51.23 and a 12 month high of C$69.62. The company has a market cap of C$20.18 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 6.20 and a beta of 0.57. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23. The company has a 50 day moving average of C$67.46 and a 200 day moving average of C$65.13.

Emera (TSE:EMA) last issued its earnings results on Friday, November 7th. The company reported C$0.88 earnings per share (EPS) for the quarter. Emera had a net margin of 10.51% and a return on equity of 6.06%. The business had revenue of C$2.11 billion for the quarter. On average, sell-side analysts expect that Emera will post 3.1991627 EPS for the current year.

Insider Transactions at Emera

In other Emera news, Director Scott Carlyle Balfour sold 20,000 shares of Emera 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 sale, 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. 0.09% of the stock is currently owned by 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.