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

Emera (TSE:EMA) had its price objective raised by equities research analysts at National Bank Financial from C$73.00 to C$74.00 in a research report issued to clients and investors on Thursday, BayStreet reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 13.58% from the stock’s current price.

Several other analysts have also recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Emera from C$73.00 to C$79.00 in a research note on Tuesday, July 21st. TD decreased their price objective on Emera from C$79.00 to C$75.00 and set a “buy” rating on the stock in a report on Wednesday. Desjardins lifted their price objective on Emera from C$70.00 to C$74.00 and gave the company a “hold” rating in a research report on Monday, July 20th. Canadian Imperial Bank of Commerce dropped their target price on Emera from C$76.00 to C$72.00 in a research note on Tuesday, September 22nd. Finally, Raymond James Financial increased their target price on Emera from C$75.25 to C$77.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Emera presently has a consensus rating of “Moderate Buy” and a consensus target price of C$76.25.

Emera Trading Down 0.3%

Shares of Emera stock traded down C$0.21 during mid-day trading on Thursday, hitting C$65.15. 1,131,479 shares of the stock were exchanged, compared to its average volume of 1,225,996. Emera has a twelve month low of C$64.66 and a twelve month high of C$77.99. The stock has a market capitalization of C$20.01 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 6.20 and a beta of 0.42. The company has a 50-day simple moving average of C$69.79 and a 200 day simple moving average of C$72.04. The company has a current ratio of 0.73, a quick ratio of 0.23 and a debt-to-equity ratio of 153.87.

Emera (TSE:EMA) last issued its quarterly earnings results on Friday, August 7th. The company reported C$0.69 EPS for the quarter. The business had revenue of C$2.01 billion during the quarter. Emera had a net margin of 12.85% and a return on equity of 7.51%. Research analysts forecast that Emera will post 3.1991627 EPS for the current year.

Emera Company Profile

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.