Emera (TSE:EMA) Price Target Raised to C$70.00

Key Points

• Desjardins raised its price target on Emera to C$70.00 (from C$69) but kept a "hold" rating, implying about a 3.31% downside from the prior close.
• Several other analysts lifted targets into the mid‑C$70s, leaving an average price target of C$73.43 and a consensus rating of "Moderate Buy" (five Buy, four Hold).
• Emera traded at C$72.40 (up 0.8%), with a market cap of C$22.14 billion, a PE of 21.42 and a high debt‑to‑equity ratio of 161.69.

Emera (TSE:EMA - Get Free Report) had its price target boosted by stock analysts at Desjardins from C$69.00 to C$70.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a "hold" rating on the stock. Desjardins' target price suggests a potential downside of 3.31% from the stock's previous close.

A number of other equities analysts also recently issued reports on the company. Bank of America lifted their price target on Emera from C$73.00 to C$74.00 in a research note on Wednesday, April 8th. Raymond James Financial increased their price target on Emera from C$74.50 to C$75.25 and gave the company an "outperform" rating in a research report on Tuesday. National Bank Financial increased their price target on Emera from C$67.00 to C$68.00 and gave the company a "sector perform" rating in a research report on Tuesday, February 24th. TD Securities increased their price target on Emera from C$74.00 to C$75.00 and gave the company a "buy" rating in a research report on Tuesday, February 24th. Finally, BMO Capital Markets increased their price target on Emera from C$72.00 to C$74.00 and gave the company an "outperform" rating in a research report on Tuesday, February 24th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$73.43.

Emera Stock Up 0.8%

Emera stock traded up C$0.59 during mid-day trading on Tuesday, reaching C$72.40. The stock had a trading volume of 229,581 shares, compared to its average volume of 1,277,828. The company has a debt-to-equity ratio of 161.69, a quick ratio of 0.23 and a current ratio of 0.66. The stock's 50-day simple moving average is C$71.56 and its 200-day simple moving average is C$68.99. Emera has a fifty-two week low of C$59.02 and a fifty-two week high of C$74.80. The firm has a market capitalization of C$22.14 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 6.20 and a beta of 0.54.

Emera (TSE:EMA - Get Free Report) last released its quarterly earnings data on Monday, February 23rd. The company reported C$0.55 earnings per share for the quarter. Emera had a net margin of 13.11% and a return on equity of 8.11%. The firm had revenue of C$2.01 billion for the quarter. On average, sell-side analysts forecast that Emera will post 3.1991627 EPS for the current fiscal 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.

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