Emera (TSE:EMA) Stock Price Expected to Rise, National Bank Financial Analyst Says

Emera (TSE:EMA) had its price objective boosted by equities researchers at National Bank Financial from C$69.00 to C$75.00 in a report issued on Monday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 6.55% from the stock’s previous close.

A number of other research analysts also recently issued reports on the company. TD lifted their price target on Emera from C$75.00 to C$77.00 and gave the company a “buy” rating in a report on Monday, May 11th. Bank of America lifted their price target on Emera from C$73.00 to C$74.00 in a report on Wednesday, April 8th. BMO Capital Markets lifted their price target on Emera from C$72.00 to C$74.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. Barclays set a C$72.00 price objective on Emera and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Finally, Desjardins raised their price objective on Emera from C$69.00 to C$70.00 and gave the stock a “hold” rating in a research report on Tuesday, April 28th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$74.39.

Emera Stock Down 2.4%

Shares of TSE:EMA traded down C$1.71 on Monday, reaching C$70.39. The company had a trading volume of 322,573 shares, compared to its average volume of 1,301,941. Emera has a 52-week low of C$60.17 and a 52-week high of C$74.80. The firm’s 50 day simple moving average is C$72.05 and its 200-day simple moving average is C$69.64. The firm has a market capitalization of C$21.53 billion, a PE ratio of 21.53, a PEG ratio of 6.20 and a beta of 0.58. The company has a current ratio of 1.07, a quick ratio of 0.23 and a debt-to-equity ratio of 168.83.

Emera (TSE:EMA) last announced its quarterly earnings results on Friday, May 8th. The company reported C$1.37 earnings per share (EPS) for the quarter. Emera had a return on equity of 7.90% and a net margin of 13.20%.The business had revenue of C$2.81 billion for the quarter. As a group, analysts expect that Emera will post 3.1991627 earnings per share for the current fiscal year.

About Emera

Emera (TSX/NYSE: EMA) is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.7 million customers in the United States, Canada and the Caribbean. Our team of 7,800 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera’s common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange.