Emera (TSE:EMA) Rating Lowered to "Hold" at Cibc World Mkts

Key Points

• Emera has been downgraded from a "strong-buy" to a "hold" rating by Cibc World Mkts, reflecting a shift in investor sentiment towards the stock.
• Several analysts have adjusted their target prices for Emera, with the consensus rating remaining a "Moderate Buy" and an average target price set at C$64.33.
• The company's current market cap stands at C$19.31 billion, with shares opening at C$65.86 on the day of the downgrade.

Emera (TSE:EMA - Get Free Report) was downgraded by research analysts at Cibc World Mkts from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities research analysts have also commented on EMA. Desjardins set a C$62.00 price objective on Emera and gave the stock a "hold" rating in a research report on Tuesday, May 6th. CIBC cut Emera from an "outperform" rating to a "neutral" rating and increased their price target for the stock from C$65.00 to C$68.00 in a report on Monday. BMO Capital Markets raised their target price on Emera from C$65.00 to C$68.00 in a report on Monday. National Bankshares increased their price target on Emera from C$60.00 to C$62.00 and gave the company a "sector perform" rating in a research report on Monday. Finally, Royal Bank Of Canada lifted their price target on Emera from C$69.00 to C$70.00 and gave the stock an "outperform" rating in a research report on Monday. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$64.33.

Emera Price Performance

Shares of TSE EMA opened at C$65.86 on Monday. The business's 50 day moving average price is C$62.61 and its 200 day moving average price is C$60.36. The firm has a market cap of C$19.31 billion, a P/E ratio of 25.53, a P/E/G ratio of 6.20 and a beta of 0.35. Emera has a 52 week low of C$48.68 and a 52 week high of C$67.42. The company has a quick ratio of 0.23, a current ratio of 0.72 and a debt-to-equity ratio of 150.23.

About Emera

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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