Emera (EMA) Given New C$49.00 Price Target at JPMorgan Chase & Co.

Emera (TSE:EMA) had its price objective increased by JPMorgan Chase & Co. from C$45.00 to C$49.00 in a report issued on Monday, BayStreet.CA reports.

A number of other analysts also recently weighed in on the stock. Royal Bank of Canada upped their price target on shares of Emera from C$53.00 to C$56.00 and gave the stock an outperform rating in a report on Wednesday, March 27th. BMO Capital Markets upped their price target on shares of Emera from C$48.00 to C$51.00 in a report on Tuesday, March 26th. National Bank Financial upped their price target on shares of Emera from C$50.00 to C$51.00 in a report on Tuesday, March 26th. Raymond James reaffirmed an outperform rating and set a C$50.00 price target on shares of Emera in a report on Tuesday, March 26th. Finally, UBS Group upped their price target on shares of Emera from C$52.00 to C$55.00 in a report on Wednesday, March 20th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Emera presently has a consensus rating of Buy and a consensus price target of C$50.09.

TSE EMA opened at C$50.59 on Monday. The company has a quick ratio of 0.38, a current ratio of 0.62 and a debt-to-equity ratio of 198.58. The stock has a market capitalization of $11.81 billion and a price-to-earnings ratio of 16.64. Emera has a 12-month low of C$38.09 and a 12-month high of C$51.05.

Emera (TSE:EMA) last posted its quarterly earnings data on Tuesday, February 19th. The company reported C$0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.63 by C$0.08. The business had revenue of C$1.80 billion during the quarter, compared to the consensus estimate of C$1.61 billion. On average, research analysts forecast that Emera will post 2.919999972273 EPS for the current fiscal year.

About Emera

Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company is also involved in gas transmission and utility energy services businesses; and the provision of energy marketing, trading, and other energy asset management services.

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Analyst Recommendations for Emera (TSE:EMA)

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