Emera (TSE:EMA) Price Target Increased to C$56.00 by Analysts at Royal Bank of Canada

Emera (TSE:EMA) had its target price increased by Royal Bank of Canada from C$53.00 to C$56.00 in a research note issued to investors on Wednesday, March 27th, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other analysts have also issued reports on the stock. BMO Capital Markets boosted their target price on shares of Emera from C$48.00 to C$51.00 in a research note on Tuesday, March 26th. National Bank Financial boosted their target price on shares of Emera from C$50.00 to C$51.00 in a research note on Tuesday, March 26th. Raymond James reissued an outperform rating and set a C$50.00 target price on shares of Emera in a research note on Tuesday, March 26th. UBS Group boosted their target price on shares of Emera from C$52.00 to C$55.00 in a research note on Wednesday, March 20th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Emera from C$43.00 to C$45.00 in a research note on Monday, March 4th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of C$50.09.

Shares of EMA traded down C$0.09 during trading hours on Wednesday, reaching C$50.54. 355,200 shares of the company traded hands, compared to its average volume of 766,124. The firm has a market capitalization of $11.77 billion and a P/E ratio of 16.63. Emera has a 12-month low of C$38.09 and a 12-month high of C$51.05. The company has a current ratio of 0.62, a quick ratio of 0.38 and a debt-to-equity ratio of 198.58.

Emera (TSE:EMA) last issued its earnings results on Tuesday, February 19th. The company reported C$0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.63 by C$0.08. The company had revenue of C$1.80 billion for the quarter, compared to analysts’ expectations of C$1.61 billion. Analysts predict that Emera will post 2.91884536111994 earnings per share for the current year.

Emera Company Profile

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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Analyst Recommendations for Emera (TSE:EMA)

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