Emera (TSE:EMA) Price Target Cut to C$48.00 by Analysts at National Bankshares

Emera (TSE:EMA) had its target price reduced by investment analysts at National Bankshares from C$50.00 to C$48.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. National Bankshares’ price objective indicates a potential upside of 6.01% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Scotiabank lowered their price target on shares of Emera from C$56.00 to C$52.00 and set an “outperform” rating on the stock in a report on Monday, April 22nd. BMO Capital Markets boosted their target price on Emera from C$36.00 to C$37.00 and gave the company an “outperform” rating in a research note on Thursday, May 30th. Wells Fargo & Company upped their target price on Emera from C$49.00 to C$53.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 14th. Raymond James reduced their price target on Emera from C$55.00 to C$54.00 in a report on Thursday, April 25th. Finally, CIBC dropped their price objective on Emera from C$53.00 to C$51.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Emera presently has an average rating of “Hold” and a consensus price target of C$50.78.

Emera Trading Up 1.6 %

Shares of TSE EMA opened at C$45.28 on Tuesday. The company has a current ratio of 0.73, a quick ratio of 0.23 and a debt-to-equity ratio of 160.58. Emera has a one year low of C$43.67 and a one year high of C$55.74. The business has a 50-day moving average price of C$47.17 and a two-hundred day moving average price of C$47.94. The firm has a market capitalization of C$12.98 billion, a PE ratio of 20.30, a PEG ratio of 2.77 and a beta of 0.28.

Emera (TSE:EMA) last posted its quarterly earnings results on Monday, May 13th. The company reported C$0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.79 by C($0.03). Emera had a return on equity of 5.71% and a net margin of 9.69%. The company had revenue of C$2.02 billion during the quarter, compared to analysts’ expectations of C$2.04 billion. As a group, analysts predict that Emera will post 3.0053635 earnings per share for the current fiscal 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.