Emera Inc (TSE:EMA) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$51.18 and last traded at C$51.03, with a volume of 201843 shares traded. The stock had previously closed at C$50.67.

A number of equities research analysts have issued reports on EMA shares. Royal Bank of Canada upped their price objective on shares of Emera from C$53.00 to C$56.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 27th. CIBC upped their price target on shares of Emera from C$45.00 to C$47.00 and gave the company an “average” rating in a research note on Tuesday, January 15th. National Bank Financial upped their price target on shares of Emera from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 23rd. Raymond James restated an “outperform” rating and set a C$50.00 price target on shares of Emera in a research note on Tuesday, March 26th. Finally, JPMorgan Chase & Co. upped their price target on shares of Emera from C$45.00 to C$49.00 in a research note on Monday, April 15th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of C$51.40.

The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 187.03. The company has a market capitalization of $11.97 billion and a PE ratio of 15.94.

Emera (TSE:EMA) last posted its earnings results on Friday, May 10th. The company reported C$0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.84 by C$0.11. The firm had revenue of C$1.82 billion during the quarter, compared to analysts’ expectations of C$1.77 billion. Analysts expect that Emera Inc will post 2.90000010906572 EPS for the current year.

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About Emera (TSE:EMA)

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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