Emera (TSE:EMA) PT Lowered to C$51.00

Emera (TSE:EMA) had its target price decreased by investment analysts at CIBC from C$53.00 to C$51.00 in a research note issued on Friday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s target price indicates a potential upside of 9.18% from the stock’s previous close.

A number of other research firms have also issued reports on EMA. JPMorgan Chase & Co. dropped their target price on shares of Emera from C$50.00 to C$48.00 and set an “underweight” rating for the company in a report on Monday, January 22nd. National Bankshares dropped their target price on shares of Emera from C$50.00 to C$49.00 in a report on Tuesday, February 27th. Raymond James dropped their target price on shares of Emera from C$59.00 to C$55.00 in a report on Tuesday, February 27th. Scotiabank upped their target price on shares of Emera from C$54.00 to C$56.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Finally, TD Securities dropped their target price on shares of Emera from C$62.00 to C$57.00 and set a “buy” rating for the company in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$55.00.

Emera Stock Performance

TSE:EMA opened at C$46.71 on Friday. The company has a debt-to-equity ratio of 164.26, a quick ratio of 0.23 and a current ratio of 0.82. The company has a fifty day moving average of C$47.59 and a two-hundred day moving average of C$48.14. The stock has a market capitalization of C$13.35 billion, a PE ratio of 13.08, a P/E/G ratio of 2.77 and a beta of 0.28. Emera has a fifty-two week low of C$43.67 and a fifty-two week high of C$59.52.

Emera (TSE:EMA) last posted its quarterly earnings data on Monday, February 26th. The company reported C$0.63 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.71 by C($0.08). The company had revenue of C$1.97 billion for the quarter, compared to analyst estimates of C$1.97 billion. Emera had a return on equity of 8.88% and a net margin of 13.80%. As a group, research analysts forecast that Emera will post 3.2788927 earnings per share for the current fiscal year.

Emera Company Profile

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.