Barclays Lowers Emera (TSE:EMA) Price Target to C$71.00

Emera (TSE:EMA) had its target price decreased by Barclays from C$74.00 to C$71.00 in a report released on Monday,BayStreet.CA reports. Barclays‘s target price would indicate a potential upside of 0.41% from the company’s current price.

EMA has been the topic of a number of other reports. BMO Capital Markets increased their price target on Emera from C$76.00 to C$80.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Raymond James Financial lifted their price objective on Emera from C$75.25 to C$77.00 and gave the company an “outperform” rating in a research report on Monday. JPMorgan Chase & Co. boosted their price objective on Emera from C$73.00 to C$79.00 in a research note on Tuesday, July 21st. National Bank Financial increased their target price on Emera from C$69.00 to C$75.00 and gave the stock a “sector perform” rating in a report on Monday, June 1st. Finally, Scotiabank lifted their price target on Emera from C$78.00 to C$80.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 21st. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$76.67.

Emera Price Performance

EMA stock traded down C$0.17 during trading on Monday, hitting C$70.71. 472,689 shares of the stock traded hands, compared to its average volume of 1,231,897. The stock has a market cap of C$21.72 billion, a price-to-earnings ratio of 21.62, a P/E/G ratio of 6.20 and a beta of 0.57. Emera has a one year low of C$63.17 and a one year high of C$77.99. The company has a current ratio of 0.73, a quick ratio of 0.23 and a debt-to-equity ratio of 153.87. The company has a 50 day simple moving average of C$74.49 and a 200 day simple moving average of C$72.22.

Emera (TSE:EMA) last issued its quarterly earnings data on Friday, August 7th. The company reported C$0.69 earnings per share for the quarter. The firm had revenue of C$2.01 billion for the quarter. Emera had a net margin of 12.85% and a return on equity of 7.51%. Equities analysts expect that Emera will post 3.1991627 EPS for the current fiscal year.

Insider Transactions at Emera

In other Emera news, insider Richard Janega sold 16,500 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of C$74.25, for a total transaction of C$1,225,125.00. Following the transaction, the insider owned 19,642 shares of the company’s stock, valued at approximately C$1,458,418.50. This represents a 45.65% decrease in their position. Corporate insiders own 0.09% of the company’s stock.

Emera Company Profile

Emera (TSX/NYSE: EMA) is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.7 million customers in the United States, Canada and the Caribbean. Our team of 7,800 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera’s common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange.