Emera (TSE:EMA) Shares Pass Above 200-Day Moving Average - Time to Sell?

Key Points

• Emera shares passed above its 200‑day moving average, trading as high as C$71.88 and last at C$71.64 on volume of 1,388,435 shares (200‑day MA C$68.90).
• Analysts are broadly positive with a consensus "Moderate Buy", five Buy and three Hold ratings, and an average price target of C$73.39 after several recent target increases (up to C$75.00).
• Fundamentals show a market cap of C$21.91B and a P/E of 21.20, but the company has high leverage (debt‑to‑equity 161.69) and low liquidity (quick ratio 0.23, current ratio 0.66), increasing its risk profile.

Emera Incorporated (TSE:EMA - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$68.90 and traded as high as C$71.88. Emera shares last traded at C$71.64, with a volume of 1,388,435 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EMA. National Bank Financial increased their target price on Emera from C$67.00 to C$68.00 and gave the company a "sector perform" rating in a report on Tuesday, February 24th. Bank of America increased their target price on Emera from C$73.00 to C$74.00 in a report on Wednesday, April 8th. Desjardins increased their target price on Emera from C$68.00 to C$69.00 and gave the company a "hold" rating in a report on Tuesday, February 24th. Raymond James Financial increased their target price on Emera from C$73.00 to C$74.50 and gave the company an "outperform" rating in a report on Tuesday, February 24th. Finally, TD Securities upped their price target on shares of Emera from C$74.00 to C$75.00 and gave the stock a "buy" rating in a research note on Tuesday, February 24th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Emera currently has a consensus rating of "Moderate Buy" and an average price target of C$73.39.

Emera Price Performance

The company has a quick ratio of 0.23, a current ratio of 0.66 and a debt-to-equity ratio of 161.69. The stock has a market capitalization of C$21.91 billion, a price-to-earnings ratio of 21.20, a P/E/G ratio of 6.20 and a beta of 0.54. The company's 50-day simple moving average is C$71.50 and its 200 day simple moving average is C$68.90.

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