Brokerages Set Emera Incorporated (TSE:EMA) PT at C$71.72

Emera Incorporated (TSE:EMA) has been given a consensus rating of “Moderate Buy” by the eight brokerages that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$71.72.

Several analysts recently issued reports on EMA shares. BMO Capital Markets boosted their price objective 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. Desjardins increased their target price 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. Scotiabank boosted their price target on shares of Emera from C$72.00 to C$78.00 in a research note on Tuesday, December 16th. Canadian Imperial Bank of Commerce upped their price objective on shares of Emera from C$71.00 to C$72.00 in a report on Monday, November 10th. Finally, National Bank Financial increased their price objective on shares of Emera from C$67.00 to C$68.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 24th.

Emera Trading Down 0.4%

Shares of Emera stock opened at C$71.09 on Thursday. The stock has a 50 day moving average of C$68.59 and a 200 day moving average of C$67.31. The company has a debt-to-equity ratio of 161.69, a quick ratio of 0.23 and a current ratio of 0.66. The firm has a market capitalization of C$21.45 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 6.20 and a beta of 0.64. Emera has a fifty-two week low of C$56.59 and a fifty-two week high of C$71.86.

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

Insider Buying and Selling at Emera

In related news, 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 value of C$536,000.00. Following the sale, the insider owned 2,378 shares in the company, valued at approximately C$159,326. The trade was a 77.09% decrease in their position. Also, Director Scott Carlyle Balfour sold 10,000 shares of the 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 transaction, the director directly owned 7,733 shares in the company, valued at approximately C$523,910.75. The trade was a 56.39% decrease in their position. 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.