Emera (TSE:EMA) Price Target Increased to C$60.00 by Analysts at Royal Bank of Canada

Emera (TSE:EMA) had its target price boosted by research analysts at Royal Bank of Canada from C$57.00 to C$60.00 in a research note issued on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 15.07% from the company’s current price.

A number of other equities analysts have also weighed in on EMA. CIBC decreased their target price on Emera from C$51.00 to C$50.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. JPMorgan Chase & Co. upped their target price on Emera from C$45.00 to C$46.00 in a research note on Thursday, July 25th. Bank of America set a C$55.00 target price on Emera and gave the stock a “neutral” rating in a research note on Friday, September 20th. Raymond James upped their target price on Emera from C$54.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Finally, Scotiabank upped their target price on Emera from C$52.00 to C$55.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Emera has an average rating of “Hold” and a consensus target price of C$52.10.

Emera Stock Down 0.8 %

Shares of TSE EMA opened at C$52.14 on Thursday. Emera has a one year low of C$43.67 and a one year high of C$53.83. The company has a debt-to-equity ratio of 155.62, a current ratio of 0.79 and a quick ratio of 0.23. The business’s fifty day moving average price is C$51.00 and its 200-day moving average price is C$48.46. The stock has a market capitalization of C$15.04 billion, a PE ratio of 20.46, a P/E/G ratio of 2.77 and a beta of 0.35.

Emera (TSE:EMA) last released its quarterly earnings data on Friday, August 9th. The company reported C$0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.56 by C($0.03). Emera had a net margin of 10.83% and a return on equity of 6.60%. The company had revenue of C$1.62 billion for the quarter, compared to the consensus estimate of C$1.67 billion. On average, equities research analysts anticipate that Emera will post 3.121734 EPS for the current year.

About Emera

Emera Incorporated, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.