Emera (EMA) PT Raised to C$55.00 at TD Securities

Emera (TSE:EMA) had its target price boosted by TD Securities from C$54.00 to C$55.00 in a research report sent to investors on Monday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

EMA has been the topic of several other reports. National Bank Financial raised their price target on Emera from C$44.00 to C$45.00 and gave the company a sector perform rating in a research report on Wednesday, January 23rd. Royal Bank of Canada raised their price target on Emera from C$53.00 to C$56.00 and gave the company an outperform rating in a research report on Wednesday, March 27th. JPMorgan Chase & Co. raised their price target on Emera from C$43.00 to C$45.00 in a research report on Monday, March 4th. UBS Group raised their price target on Emera from C$52.00 to C$55.00 in a research report on Wednesday, March 20th. Finally, BMO Capital Markets raised their price target on Emera from C$48.00 to C$51.00 in a research report on Tuesday, March 26th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of C$51.40.

Shares of TSE:EMA opened at C$51.29 on Monday. The stock has a market capitalization of $11.97 billion and a PE ratio of 16.02. Emera has a 52-week low of C$38.09 and a 52-week high of C$51.36. The company has a debt-to-equity ratio of 187.03, a quick ratio of 0.52 and a current ratio of 0.69.

Emera (TSE:EMA) last issued its quarterly earnings results on Friday, May 10th. The company reported C$0.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.84 by C$0.11. The business had revenue of C$1.82 billion during the quarter, compared to analyst estimates of C$1.77 billion. On average, sell-side analysts predict that Emera will post 2.90000010906572 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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