Scotiabank Lowers Emera (TSE:EMA) Price Target to C$52.00

Emera (TSE:EMA) had its price target decreased by investment analysts at Scotiabank from C$56.00 to C$52.00 in a report released on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 11.25% from the company’s previous close.

EMA has been the subject of several other research reports. JPMorgan Chase & Co. dropped their price objective on shares of Emera from C$50.00 to C$48.00 and set an “underweight” rating for the company in a research note on Monday, January 22nd. Royal Bank of Canada decreased their target price on shares of Emera from C$62.00 to C$60.00 and set an “outperform” rating on the stock in a report on Tuesday, February 27th. Raymond James decreased their target price on shares of Emera from C$59.00 to C$55.00 in a report on Tuesday, February 27th. TD Securities decreased their target price on shares of Emera from C$62.00 to C$57.00 and set a “buy” rating on the stock in a report on Tuesday, February 27th. Finally, National Bankshares decreased their target price on shares of Emera from C$50.00 to C$49.00 in a report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$54.60.

Emera Stock Performance

TSE EMA opened at C$46.74 on Monday. The firm has a 50-day moving average of C$47.59 and a 200-day moving average of C$48.15. 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 stock has a market cap of C$13.36 billion, a PE ratio of 13.09, a P/E/G ratio of 2.77 and a beta of 0.28. Emera has a 52-week low of C$43.67 and a 52-week high of C$59.52.

Emera (TSE:EMA) last issued its quarterly earnings data on Monday, February 26th. The company reported C$0.63 earnings per share for the quarter, missing the consensus estimate of C$0.71 by C($0.08). Emera had a return on equity of 8.88% and a net margin of 13.80%. The business had revenue of C$1.97 billion during the quarter, compared to analyst estimates of C$1.97 billion. On average, sell-side analysts anticipate that Emera will post 3.2788927 EPS for the current 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.