TD Securities Issues Positive Forecast for Emera (TSE:EMA) Stock Price

Key Points

• TD Securities has raised its price target for Emera (TSE:EMA) from C$69.00 to C$74.00, indicating a potential upside of 12.53% from the stock's previous close.
• The stock has received various ratings from analysts, with a consensus rating of "Moderate Buy" and an average price target of C$64.33.
• Emera's stock price fluctuated, trading down C$1.15 to reach C$65.76 during midday trading, with a market cap of C$19.28 billion.

Emera (TSE:EMA - Get Free Report) had its price target lifted by investment analysts at TD Securities from C$69.00 to C$74.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD Securities' target price points to a potential upside of 13.36% from the company's previous close.

EMA has been the topic of a number of other reports. Desjardins set a C$62.00 price target on Emera and gave the company a "hold" rating in a research note on Tuesday, May 6th. BMO Capital Markets raised their target price on Emera from C$65.00 to C$68.00 in a research report on Monday. Raymond James Financial lowered their price target on Emera from C$64.00 to C$59.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Finally, CIBC increased their price target on shares of Emera from C$63.00 to C$64.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$64.33.

Emera Stock Up 0.1%

Shares of Emera stock traded up C$0.07 during trading on Monday, hitting C$65.28. 68,117 shares of the stock were exchanged, compared to its average volume of 1,273,816. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23. The firm's 50-day moving average price is C$62.67 and its 200 day moving average price is C$60.39. The stock has a market cap of C$19.14 billion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. Emera has a 12-month low of C$49.05 and a 12-month high of C$67.42.

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.