Emera’s (EMA) Market Perform Rating Reaffirmed at Raymond James
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 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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