Raymond James reaffirmed their market perform rating on shares of Emera (TSE:EMA) in a research note issued to investors on Monday morning, BayStreet.CA reports. They currently have a C$56.00 target price on the stock.

Other research analysts also recently issued reports about the company. TD Securities boosted their price objective on Emera from C$55.00 to C$59.00 and gave the company a buy rating in a research note on Tuesday, August 13th. National Bank Financial boosted their price objective on Emera from C$54.00 to C$55.00 and gave the company a sector perform rating in a research note on Monday. CSFB boosted their price objective 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. Royal Bank of Canada boosted their price objective on Emera from C$59.00 to C$62.00 in a research note on Wednesday, August 21st. Finally, BMO Capital Markets boosted their price objective on Emera from C$55.00 to C$57.00 in a research note on Monday, September 9th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of C$55.60.

EMA traded up C$0.45 during midday trading on Monday, hitting C$53.71. 1,071,116 shares of the company were exchanged, compared to its average volume of 978,319. The firm has a market capitalization of $12.71 billion and a P/E ratio of 18.24. Emera has a 1-year low of C$41.73 and a 1-year high of C$58.89. The firm’s 50 day moving average price is C$55.98 and its 200-day moving average price is C$54.60. The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 183.15.

Emera (TSE:EMA) last announced its earnings results on Monday, August 12th. The company reported C$0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.55 by C($0.01). The business had revenue of C$1.38 billion during the quarter, compared to analysts’ expectations of C$1.53 billion. On average, sell-side analysts predict that Emera will post 2.8599999 earnings per share for the current fiscal year.

About Emera

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.

Further Reading: What is the price-to-earnings growth (PEG) ratio?

Analyst Recommendations for Emera (TSE:EMA)

Receive News & Ratings for Emera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emera and related companies with MarketBeat.com's FREE daily email newsletter.