Emera (TSE:EMA) Stock Price Expected to Rise, National Bank Financial Analyst Says

Key Points

• National Bank Financial raised its Emera price target from C$74 to C$75 while maintaining a “sector perform” rating, implying 4.33% upside from the current price.
• Analyst sentiment is broadly positive: Emera has a “Moderate Buy” consensus rating from six Buy and three Hold recommendations, with an average target of C$76.33.
• Emera shares traded at C$71.89 on Monday. The company reported quarterly EPS of C$0.85 and revenue of C$1.98 billion.

Emera (TSE:EMA - Get Free Report) had its price objective upped by investment analysts at National Bank Financial from C$74.00 to C$75.00 in a note issued to investors on Monday, BayStreet reports. The firm presently has a "sector perform" rating on the stock. National Bank Financial's target price suggests a potential upside of 4.33% from the stock's current price.

Several other equities research analysts also recently issued reports on EMA. Raymond James Financial raised their price target on Emera from C$75.25 to C$77.00 and gave the company an "outperform" rating in a report on Monday, August 10th. Canadian Imperial Bank of Commerce decreased their price objective on shares of Emera from C$76.00 to C$72.00 in a report on Tuesday, September 22nd. Scotiabank increased their price objective on shares of Emera from C$78.00 to C$80.00 and gave the company a "sector outperform" rating in a research report on Tuesday, July 21st. BMO Capital Markets lifted their target price on shares of Emera from C$76.00 to C$80.00 and gave the stock an "outperform" rating in a report on Wednesday, July 22nd. Finally, Royal Bank Of Canada boosted their price objective on Emera from C$76.00 to C$84.00 and gave the stock an "outperform" rating in a report on Monday, August 10th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$76.33.

Emera Stock Performance

TSE:EMA traded up C$0.30 on Monday, hitting C$71.89. The company's stock had a trading volume of 322,381 shares, compared to its average volume of 1,343,351. Emera has a one year low of C$64.62 and a one year high of C$77.99. The firm has a market capitalization of C$22.08 billion, a P/E ratio of 22.82, a price-to-earnings-growth ratio of 6.20 and a beta of 0.39. The stock has a fifty day moving average of C$68.25 and a two-hundred day moving average of C$71.11. The company has a current ratio of 0.73, a quick ratio of 0.23 and a debt-to-equity ratio of 153.87.

Emera (TSE:EMA - Get Free Report) last issued its earnings results on Friday, November 6th. The company reported C$0.85 EPS for the quarter. The company had revenue of C$1.98 billion during the quarter. Emera had a return on equity of 7.51% and a net margin of 12.85%. Research analysts predict that Emera will post 3.20 earnings per share for the current year.

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.

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