Emera (TSE:EMA) Price Target Raised to C$67.00

Emera (TSE:EMA) had its price target boosted by National Bankshares from C$63.00 to C$67.00 in a research report released on Wednesday,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Other equities research analysts have also issued research reports about the stock. Scotiabank upped their target price on shares of Emera from C$72.00 to C$78.00 in a research note on Tuesday. BMO Capital Markets increased their target price on shares of Emera from C$68.00 to C$72.00 in a report on Monday, November 10th. Desjardins raised their price target on shares of Emera from C$64.00 to C$68.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. CIBC boosted their price objective on shares of Emera from C$71.00 to C$72.00 in a research report on Monday, November 10th. Finally, Royal Bank Of Canada increased their price objective on shares of Emera from C$70.00 to C$76.00 in a research note on Monday, November 10th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$71.00.

Emera Trading Down 0.5%

TSE EMA opened at C$66.51 on Wednesday. Emera has a 52 week low of C$51.23 and a 52 week high of C$69.62. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23. The stock has a market cap of C$20.07 billion, a P/E ratio of 18.02, a PEG ratio of 6.20 and a beta of 0.57. The company’s fifty day simple moving average is C$67.41 and its 200-day simple moving average is C$65.17.

Emera (TSE:EMA) last posted its quarterly earnings data on Friday, November 7th. The company reported C$0.88 earnings per share for the quarter. Emera had a net margin of 10.51% and a return on equity of 6.06%. The company had revenue of C$2.11 billion during the quarter. Equities research analysts predict that Emera will post 3.1991627 EPS for the current fiscal year.

Insider Transactions at Emera

In related news, Director Scott Carlyle Balfour sold 20,000 shares of Emera stock in a transaction dated Monday, November 17th. The shares were sold at an average price of C$68.25, for a total value of C$1,365,000.00. Following the sale, the director directly owned 7,733 shares in the company, valued at C$527,777.25. This trade represents a 72.12% decrease in their position. Also, insider Daniel Muldoon sold 8,000 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of C$67.00, for a total transaction of C$536,000.00. Following the transaction, the insider directly owned 2,378 shares of the company’s stock, valued at C$159,326. The trade was a 77.09% decrease in their ownership of the stock. 0.09% of the stock is owned by company insiders.

About Emera

Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.