TD Securities Upgrades Emera (TSE:EMA) to Strong-Buy

Emera (TSE:EMA) was upgraded by investment analysts at TD Securities to a “strong-buy” rating in a report issued on Friday, Marketbeat reports. The firm currently has a C$69.00 price objective on the stock. TD Securities’ target price would suggest a potential upside of 12.03% from the stock’s current price.

A number of other analysts have also commented on EMA. Desjardins set a C$62.00 target price on shares of Emera and gave the stock a “hold” rating in a report on Tuesday, May 6th. BMO Capital Markets lifted their price target on shares of Emera from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Friday, May 9th. UBS Group lifted their price target on shares of Emera from C$54.00 to C$59.00 in a research report on Friday, March 21st. CIBC upped their target price on shares of Emera from C$63.00 to C$64.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. Finally, Raymond James Financial cut their price target on shares of Emera from C$64.00 to C$59.00 and set an “outperform” rating on the stock in a research report on Thursday, April 17th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$60.58.

Emera Stock Performance

Shares of Emera stock opened at C$61.59 on Friday. The firm has a 50 day simple moving average of C$61.24 and a 200 day simple moving average of C$58.18. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23. Emera has a fifty-two week low of C$44.13 and a fifty-two week high of C$63.31. The firm has a market cap of C$18.06 billion, a P/E ratio of 23.87, a P/E/G ratio of 6.20 and a beta of 0.35.

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.