Emera (TSE:EMA) Price Target Raised to C$69.00 at Desjardins

Emera (TSE:EMA) had its target price lifted by Desjardins from C$68.00 to C$69.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

A number of other equities analysts have also commented on the company. Raymond James Financial lifted their price objective on Emera from C$73.00 to C$74.50 and gave the stock an “outperform” rating in a research note on Tuesday. TD Securities lifted their price target on Emera from C$74.00 to C$75.00 and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank Of Canada upped their price target on Emera from C$70.00 to C$76.00 in a report on Monday, November 10th. BMO Capital Markets raised their price objective on shares of Emera from C$68.00 to C$72.00 in a research note on Monday, November 10th. Finally, Scotiabank increased their price target on shares of Emera from C$72.00 to C$78.00 in a report on Tuesday, December 16th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$71.72.

Emera Trading Down 0.4%

TSE:EMA opened at C$69.85 on Tuesday. The company’s 50 day moving average is C$68.00 and its 200-day moving average is C$67.04. The company has a quick ratio of 0.23, a current ratio of 0.72 and a debt-to-equity ratio of 150.23. Emera has a 12 month low of C$56.59 and a 12 month high of C$71.86. The firm has a market cap of C$21.08 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of 6.20 and a beta of 0.59.

Emera (TSE:EMA) last posted its earnings results on Monday, February 23rd. The company reported C$1.48 earnings per share (EPS) for the quarter. The business had revenue of C$2.01 billion for the quarter. Emera had a net margin of 10.51% and a return on equity of 6.06%. Equities analysts anticipate that Emera will post 3.1991627 EPS for the current year.

Insiders Place Their Bets

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

Key Headlines Impacting Emera

Here are the key news stories impacting Emera this week:

• Positive Sentiment: Q4 results beat expectations — Emera reported C$1.48 EPS on C$2.01B revenue with improved net margin (10.5%) and cited record net income and strategic investments, which supports the case for future cash flow and dividend stability. Earnings Call Highlights
• Positive Sentiment: Raymond James raised its price target to C$74.50 and maintained an “outperform” rating, signaling ~6.7% upside from current levels and offering an institutional vote of confidence. Raymond James Note
• Positive Sentiment: BMO Capital Markets lifted its target to C$74.00 with an “outperform” call, indicating mid-single-digit upside and reinforcing buy-side momentum. BMO Research
• Positive Sentiment: TD Securities increased its target to C$75.00 and kept a “buy” rating, the most bullish among the recent notes (~7.4% upside), which could attract investors seeking income-plus-growth exposure. TD Note
• Negative Sentiment: National Bank Financial raised its target modestly to C$68.00 but kept a “sector perform” view — the target sits slightly below current levels, suggesting limited near-term upside from this house. National Bank Note
• Negative Sentiment: Desjardins raised its target to C$69.00 and maintained a “hold” rating; the target implies marginal downside versus the current price, which may cap immediate buying interest. Desjardins Note

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.