Emera Incorporated (TSE:EMA) Given Consensus Rating of “Moderate Buy” by Analysts

Emera Incorporated (TSE:EMA) has received an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$71.00.

Several equities research analysts have weighed in on the stock. Canadian Imperial Bank of Commerce raised their price objective on shares of Emera from C$71.00 to C$72.00 in a research report on Monday, November 10th. Desjardins raised their price target on shares of Emera from C$64.00 to C$68.00 and gave the company a “hold” rating in a report on Wednesday, October 22nd. Scotiabank boosted their price objective on shares of Emera from C$72.00 to C$78.00 in a research report on Tuesday, December 16th. Royal Bank Of Canada upped their price objective on Emera from C$70.00 to C$76.00 in a report on Monday, November 10th. Finally, BMO Capital Markets lifted their target price on Emera from C$68.00 to C$72.00 in a research note on Monday, November 10th.

Emera Trading Down 1.9%

Shares of EMA opened at C$67.37 on Friday. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72. The company has a market cap of C$20.33 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 6.20 and a beta of 0.59. The stock has a fifty day moving average price of C$67.31 and a two-hundred day moving average price of C$66.66. Emera has a 52-week low of C$55.03 and a 52-week high of C$69.75.

Emera (TSE:EMA) last announced its earnings results on Friday, November 7th. The company reported C$0.88 earnings per share for the quarter. Emera had a return on equity of 6.06% and a net margin of 10.51%.The company had revenue of C$2.11 billion during the quarter. Analysts predict that Emera will post 3.1991627 EPS for the current fiscal year.

Insider Transactions at Emera

In other news, Director Scott Carlyle Balfour sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of C$67.75, for a total value of C$677,500.00. Following the transaction, the director owned 7,733 shares of the company’s stock, valued at approximately C$523,910.75. This trade represents a 56.39% decrease in their position. Also, insider Daniel Muldoon sold 8,000 shares of Emera stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of C$67.00, for a total transaction of C$536,000.00. Following the sale, the insider owned 2,378 shares of the company’s stock, valued at approximately C$159,326. This represents a 77.09% decrease in their position. Over the last quarter, insiders sold 38,000 shares of company stock valued at $2,578,500. Corporate insiders own 0.09% of the company’s stock.

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.