Raymond James Financial Forecasts Strong Price Appreciation for Emera (TSE:EMA) Stock

Key Points

• Raymond James Financial has increased its price target for Emera (TSE:EMA) from C$66.00 to C$70.00, maintaining an "outperform" rating, suggesting a potential upside of 6.45% from the current price.
• Other analysts, including the Royal Bank of Canada and Scotiabank, also raised their price targets for Emera to C$70.00, while the stock currently holds an average rating of "Moderate Buy" with a consensus target price of C$64.33.
• Emera's stock is currently trading at C$65.76, having seen a decrease of 1.7% recently, with its market capitalization sitting at C$19.28 billion.

Emera (TSE:EMA - Get Free Report) had its target price raised by Raymond James Financial from C$66.00 to C$70.00 in a research note issued on Monday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Raymond James Financial's target price points to a potential upside of 5.79% from the stock's current price. Raymond James Financial also issued estimates for Emera's Q3 2025 earnings at $0.87 EPS, Q4 2025 earnings at $0.66 EPS, FY2025 earnings at $3.60 EPS, Q2 2026 earnings at $0.59 EPS, Q3 2026 earnings at $0.88 EPS, Q4 2026 earnings at $0.86 EPS and FY2026 earnings at $3.46 EPS.

Other equities research analysts have also issued reports about the stock. BMO Capital Markets upped their price target on shares of Emera from C$65.00 to C$68.00 in a report on Monday. CIBC lifted their price target on Emera from C$63.00 to C$64.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Royal Bank Of Canada raised their price objective on shares of Emera from C$69.00 to C$70.00 and gave the stock an "outperform" rating in a research note on Monday. Scotiabank lifted their target price on shares of Emera from C$67.00 to C$70.00 and gave the company an "outperform" rating in a report on Monday. Finally, TD Securities increased their price target on shares of Emera from C$69.00 to C$74.00 and gave the stock a "buy" rating in a report on Monday. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$64.33.

Emera Stock Performance

TSE:EMA traded up C$0.51 during midday trading on Monday, hitting C$66.17. The company's stock had a trading volume of 857,542 shares, compared to its average volume of 1,277,081. Emera has a fifty-two week low of C$49.06 and a fifty-two week high of C$67.42. 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 has a market cap of C$19.40 billion, a P/E ratio of 25.65, a P/E/G ratio of 6.20 and a beta of 0.35. The firm's 50 day moving average is C$62.94 and its 200-day moving average is C$60.57.

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.