TD Securities Upgrades Emera (TSE:EMA) to Strong-Buy

Emera (TSE:EMA - Get Free Report) was upgraded by TD Securities to a "strong-buy" rating in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The firm presently has a C$69.00 price objective on the stock. TD Securities' price target would indicate a potential upside of 10.61% from the company's current price.

A number of other analysts also recently weighed in on EMA. Desjardins set a C$62.00 target price on shares of Emera and gave the company a "hold" rating in a research report on Tuesday, May 6th. BMO Capital Markets increased their target price on Emera from C$60.00 to C$65.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. UBS Group raised their price objective on Emera from C$54.00 to C$59.00 in a research note on Friday, March 21st. CIBC raised their price objective on Emera from C$63.00 to C$64.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Finally, Raymond James Financial lowered their target price on Emera from C$64.00 to C$59.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of C$60.58.

Emera Trading Up 1.3%

TSE EMA traded up C$0.79 during trading hours on Friday, reaching C$62.38. The company's stock had a trading volume of 1,039,325 shares, compared to its average volume of 1,369,110. The firm has a fifty day simple moving average of C$61.24 and a 200-day simple moving average of C$58.21. The stock has a market cap of C$18.29 billion, a P/E ratio of 24.18, a P/E/G ratio of 6.20 and a beta of 0.35. Emera has a 52 week low of C$44.13 and a 52 week high of C$63.31. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23.

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.