Emera Incorporated (TSE:EMA) Receives Average Rating of “Moderate Buy” from Brokerages

Emera Incorporated (TSE:EMA) has received an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$71.72.

EMA has been the topic of a number of recent research reports. Desjardins lifted their price target on shares of Emera from C$68.00 to C$69.00 and gave the stock a “hold” rating in a research note on Tuesday, February 24th. Royal Bank Of Canada increased their target price on Emera from C$70.00 to C$76.00 in a report on Monday, November 10th. BMO Capital Markets raised their price target on shares of Emera from C$72.00 to C$74.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. Raymond James Financial boosted their price objective on Emera from C$73.00 to C$74.50 and gave the stock an “outperform” rating in a report on Tuesday, February 24th. Finally, National Bank Financial increased their price target on Emera from C$67.00 to C$68.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 24th.

Insider Buying and Selling at Emera

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

Emera Stock Up 0.8%

Shares of Emera stock opened at C$71.05 on Thursday. The company has a debt-to-equity ratio of 161.69, a current ratio of 0.66 and a quick ratio of 0.23. The firm has a market cap of C$21.44 billion, a price-to-earnings ratio of 21.02, a P/E/G ratio of 6.20 and a beta of 0.59. Emera has a 52-week low of C$56.59 and a 52-week high of C$71.86. The stock has a 50-day simple moving average of C$68.43 and a 200-day simple moving average of C$67.23.

Emera (TSE:EMA) last released its quarterly earnings results on Monday, February 23rd. The company reported C$1.48 earnings per share (EPS) for the quarter. Emera had a return on equity of 8.11% and a net margin of 13.11%.The company had revenue of C$2.01 billion during the quarter. On average, equities research analysts expect that Emera will post 3.1991627 earnings per share for the current fiscal year.

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.