Emera Incorporated (TSE:EMA) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Emera Incorporated (TSE:EMA) have received an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$71.00.

Several research firms recently commented on EMA. Scotiabank raised their target price on Emera from C$72.00 to C$78.00 in a research report on Tuesday, December 16th. National Bankshares boosted their price objective on shares of Emera from C$63.00 to C$67.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 17th. Royal Bank Of Canada lifted their target price on shares of Emera from C$70.00 to C$76.00 in a research note on Monday, November 10th. BMO Capital Markets upped their price target on Emera from C$68.00 to C$72.00 in a research note on Monday, November 10th. Finally, Desjardins raised their target price on shares of Emera from C$64.00 to C$68.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd.

Insiders Place Their Bets

In other Emera news, Director Scott Carlyle Balfour sold 20,000 shares of the firm’s stock in a transaction on 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 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 completion of the sale, the insider owned 2,378 shares of the company’s stock, valued at approximately C$159,326. The trade was a 77.09% decrease in their position. 0.09% of the stock is owned by corporate insiders.

Emera Stock Performance

Shares of EMA stock opened at C$67.04 on Friday. The stock has a market capitalization of C$20.23 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 6.20 and a beta of 0.57. The company’s 50-day simple moving average is C$67.34 and its 200-day simple moving average is C$65.31. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72. Emera has a one year low of C$51.23 and a one year high of C$69.62.

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

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.