Emera (TSE:EMA) had its price target increased by National Bank Financial from C$52.00 to C$54.00 in a research note released on Tuesday, BayStreet.CA reports. They currently have a sector perform rating on the stock. National Bank Financial also issued estimates for Emera’s FY2019 earnings at $2.91 EPS and FY2020 earnings at $2.82 EPS.
A number of other equities analysts have also weighed in on EMA. CSFB boosted their target price on Emera from C$50.00 to C$56.00 and gave the stock a neutral rating in a research report on Thursday, July 25th. BMO Capital Markets lowered Emera from an outperform rating to a market perform rating and set a C$55.00 target price for the company. in a research report on Tuesday. Raymond James boosted their target price on Emera from C$50.00 to C$56.00 in a research report on Friday, July 26th. JPMorgan Chase & Co. boosted their target price on Emera from C$45.00 to C$49.00 in a research report on Monday, April 15th. Finally, TD Securities boosted their target price on Emera from C$55.00 to C$59.00 and gave the stock a buy rating in a research report on Tuesday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Emera currently has an average rating of Hold and an average target price of C$54.10.
Shares of Emera stock opened at C$56.32 on Tuesday. The stock has a market cap of $13.40 billion and a price-to-earnings ratio of 17.59. The firm’s 50-day moving average is C$54.50 and its 200 day moving average is C$51.11. Emera has a 1 year low of C$38.09 and a 1 year high of C$56.80. The company has a debt-to-equity ratio of 187.67, a current ratio of 0.69 and a quick ratio of 0.52.
Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company is also involved in gas transmission and utility energy services businesses; and the provision of energy marketing, trading, and other energy asset management services.
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