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

Shares of Emera Incorporated (TSE:EMA) have been assigned an average rating of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$73.31.

A number of research analysts recently issued reports on EMA shares. Raymond James Financial lifted their price target on shares of Emera from C$73.00 to C$74.50 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. TD Securities upped their price objective on shares of Emera from C$74.00 to C$75.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Scotiabank raised their target price on shares of Emera from C$72.00 to C$78.00 in a research note on Tuesday, December 16th. National Bank Financial lifted their target price on shares of Emera from C$67.00 to C$68.00 and gave the company a “sector perform” rating in a report on Tuesday, February 24th. Finally, BMO Capital Markets boosted their price target on Emera from C$72.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th.

Emera Price Performance

EMA opened at C$71.35 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.23 and a debt-to-equity ratio of 161.69. The company has a market cap of C$21.53 billion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 6.20 and a beta of 0.64. The stock has a fifty day simple moving average of C$69.82 and a two-hundred day simple moving average of C$67.97. Emera has a 12-month low of C$56.59 and a 12-month high of C$73.75.

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

Insider Buying and Selling

In other Emera news, Director Scott Carlyle Balfour sold 10,000 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately C$523,910.75. The trade was a 56.39% decrease in their ownership of the stock. Company insiders own 0.09% of the company’s stock.

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.