Bank of America Issues Positive Forecast for Emera (TSE:EMA) Stock Price

Emera (TSE:EMA) had its price objective upped by Bank of America from C$73.00 to C$74.00 in a report issued on Wednesday morning,BayStreet.CA reports.

Several other research analysts also recently weighed in on EMA. National Bank Financial boosted 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 research note on Tuesday, February 24th. Scotiabank boosted their target price on shares of Emera from C$72.00 to C$78.00 in a research note on Tuesday, December 16th. Desjardins boosted their target price on shares of Emera from C$68.00 to C$69.00 and gave the company a “hold” rating in a research note on Tuesday, February 24th. Raymond James Financial boosted their target price on shares of Emera from C$73.00 to C$74.50 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. Finally, BMO Capital Markets boosted their target price on shares of Emera from C$72.00 to C$74.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$73.39.

Emera Trading Down 0.6%

Shares of EMA stock opened at C$73.15 on Wednesday. The firm has a 50-day moving average price of C$70.52 and a 200 day moving average price of C$68.44. Emera has a twelve month low of C$56.59 and a twelve month high of C$73.86. The company has a market capitalization of C$22.07 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 6.20 and a beta of 0.54. The company has a current ratio of 0.66, a quick ratio of 0.23 and a debt-to-equity ratio of 161.69.

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