Emera (TSE:EMA) PT Set at C$55.00 by Bank of America

Emera (TSE:EMA) received a C$55.00 price objective from equities researchers at Bank of America in a report released on Friday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. Bank of America‘s target price would indicate a potential upside of 4.80% from the stock’s previous close.

EMA has been the subject of several other research reports. National Bankshares boosted their price objective on shares of Emera from C$49.00 to C$54.00 and gave the stock a “sector perform” rating in a research report on Friday, August 23rd. Raymond James upped their price objective on shares of Emera from C$54.00 to C$57.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Scotiabank raised their price objective on Emera from C$52.00 to C$55.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. 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 report on Thursday, May 30th. Finally, JPMorgan Chase & Co. raised their price target on Emera from C$45.00 to C$46.00 in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$51.80.

Emera Stock Performance

TSE:EMA opened at C$52.48 on Friday. Emera has a 12 month low of C$43.67 and a 12 month high of C$53.68. The company has a debt-to-equity ratio of 155.62, a current ratio of 0.79 and a quick ratio of 0.23. The firm has a market capitalization of C$15.14 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 2.77 and a beta of 0.34. The business’s fifty day moving average price is C$50.04 and its 200 day moving average price is C$48.19.

Emera (TSE:EMA) last released its quarterly earnings data on Friday, August 9th. The company reported C$0.53 EPS for the quarter, missing analysts’ consensus estimates of C$0.56 by C($0.03). The business had revenue of C$1.62 billion during the quarter, compared to analysts’ expectations of C$1.67 billion. Emera had a net margin of 10.83% and a return on equity of 6.60%. On average, sell-side analysts anticipate that Emera will post 3.1512915 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.