Emera Inc (TSE:EMA) Given Average Recommendation of “Hold” by Analysts

Emera Inc (TSE:EMA) has been assigned a consensus rating of “Hold” from the ten analysts that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$55.50.

Several analysts recently issued reports on the company. Royal Bank of Canada increased their price target on Emera from C$59.00 to C$62.00 in a report on Wednesday, August 21st. CSFB raised their target price on Emera from C$50.00 to C$56.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. National Bank Financial raised their target price on Emera from C$52.00 to C$54.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 13th. Wells Fargo & Co raised their target price on Emera from C$59.00 to C$60.00 in a research note on Tuesday, September 3rd. Finally, BMO Capital Markets raised their target price on Emera from C$55.00 to C$57.00 in a research note on Monday, September 9th.

Shares of TSE EMA opened at C$56.24 on Wednesday. Emera has a 12-month low of C$39.14 and a 12-month high of C$58.89. The company has a market cap of $13.41 billion and a P/E ratio of 17.40. The company has a current ratio of 0.60, a quick ratio of 0.39 and a debt-to-equity ratio of 181.23. The stock has a fifty day moving average price of C$57.35 and a 200 day moving average price of C$54.22.

Emera (TSE:EMA) last announced its quarterly earnings results on Monday, August 12th. The company reported C$0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.55 by C($0.01). The company had revenue of C$1.38 billion during the quarter, compared to analysts’ expectations of C$1.53 billion. On average, sell-side analysts forecast that Emera will post 2.8694909 EPS for the current fiscal 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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