Emera Incorporated (TSE:EMA) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Emera Incorporated (TSE:EMA) has earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$73.39.

A number of research firms have recently commented on EMA. Desjardins raised their target price on Emera from C$68.00 to C$69.00 and gave the company a “hold” rating in a research report on Tuesday, February 24th. BMO Capital Markets raised their target price on Emera from C$72.00 to C$74.00 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. National Bank Financial raised their target price on Emera from C$67.00 to C$68.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 24th. Bank of America raised their target price on Emera from C$73.00 to C$74.00 in a research report on Wednesday, April 8th. Finally, Raymond James Financial raised their target price on Emera from C$73.00 to C$74.50 and gave the company an “outperform” rating in a research report on Tuesday, February 24th.

Emera Price Performance

TSE:EMA opened at C$71.64 on Friday. Emera has a 52 week low of C$59.02 and a 52 week high of C$74.80. The company has a quick ratio of 0.23, a current ratio of 0.66 and a debt-to-equity ratio of 161.69. The stock has a market capitalization of C$21.91 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 6.20 and a beta of 0.54. The stock’s 50-day moving average price is C$71.50 and its 200-day moving average price is C$68.90.

Emera (TSE:EMA) last posted its earnings results on Monday, February 23rd. The company reported C$0.55 EPS for the quarter. Emera had a return on equity of 8.11% and a net margin of 13.11%.The firm had revenue of C$2.01 billion for the quarter. As a group, equities analysts expect that Emera will post 3.1991627 EPS for the current fiscal year.

Emera Company Profile

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.