Emera Inc (TSE:EMA) has been given an average rating of “Buy” by the nine research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$50.14.
Several research analysts recently weighed in on EMA shares. National Bank Financial set a C$52.00 price target on Emera and gave the company a “sector perform” rating in a research report on Friday, December 29th. Royal Bank of Canada reduced their price target on Emera from C$57.00 to C$50.00 and set an “outperform” rating for the company in a research report on Tuesday, February 13th. Raymond James Financial upgraded Emera from a “market perform” rating to an “outperform” rating in a research report on Friday, February 9th. Scotiabank reduced their price target on Emera from C$50.00 to C$48.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 13th. Finally, BMO Capital Markets reduced their price target on Emera from C$52.00 to C$51.00 and set an “outperform” rating for the company in a research report on Monday, February 12th.
In related news, Director Christopher Huskilson acquired 6,000 shares of the stock in a transaction on Tuesday, February 20th. The shares were bought at an average price of C$41.31 per share, with a total value of C$247,860.00. Also, Director James Daniel Eisenhauer acquired 5,000 shares of the stock in a transaction on Wednesday, February 14th. The shares were bought at an average cost of C$39.36 per share, for a total transaction of C$196,800.00. Insiders have purchased 58,650 shares of company stock valued at $2,381,542 over the last quarter.
Emera (TSE:EMA) last released its earnings results on Friday, February 9th. The company reported C$0.64 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.68 by C($0.04). Emera had a return on equity of 5.85% and a net margin of 5.77%. The firm had revenue of C$1.47 billion for the quarter, compared to analyst estimates of C$1.52 billion.
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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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