Brokerages Set Emera Incorporated (TSE:EMA) PT at C$71.00

Emera Incorporated (TSE:EMA) has earned an average recommendation of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$71.00.

Several brokerages recently commented on EMA. Royal Bank Of Canada upped their price target on shares of Emera from C$70.00 to C$76.00 in a research report on Monday, November 10th. Raymond James Financial boosted their target price on shares of Emera from C$70.00 to C$73.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. BMO Capital Markets raised their target price on Emera from C$68.00 to C$72.00 in a research report on Monday, November 10th. National Bankshares lifted their price target on Emera from C$63.00 to C$67.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. Finally, CIBC increased their price objective on Emera from C$71.00 to C$72.00 in a research note on Monday, November 10th.

Insider Transactions at Emera

In other news, Director Scott Carlyle Balfour sold 20,000 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of C$68.25, for a total value of C$1,365,000.00. Following the completion of the sale, the director directly owned 7,733 shares of the company’s stock, valued at C$527,777.25. This represents a 72.12% decrease in their ownership of the stock. Also, insider Daniel Muldoon sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of C$67.00, for a total transaction of C$536,000.00. Following the sale, the insider owned 2,378 shares of the company’s stock, valued at approximately C$159,326. This represents a 77.09% decrease in their ownership of the stock. Insiders sold a total of 38,000 shares of company stock worth $2,578,500 in the last quarter. 0.09% of the stock is owned by corporate insiders.

Emera Trading Up 0.8%

TSE:EMA opened at C$68.45 on Wednesday. The stock has a fifty day simple moving average of C$67.14 and a 200 day simple moving average of C$66.02. The firm has a market capitalization of C$20.65 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 6.20 and a beta of 0.59. Emera has a 1-year low of C$53.50 and a 1-year high of C$69.62. The company has a quick ratio of 0.23, a current ratio of 0.72 and a debt-to-equity ratio of 150.23.

Emera (TSE:EMA) last posted its quarterly earnings data on Friday, November 7th. The company reported C$0.88 EPS for the quarter. Emera had a net margin of 10.51% and a return on equity of 6.06%. The company had revenue of C$2.11 billion during the quarter. Sell-side analysts forecast that Emera will post 3.1991627 earnings per share for the current year.

Emera Company Profile

Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.