Raymond James Financial Issues Positive Forecast for Emera (TSE:EMA) Stock Price

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 price objective lifted by analysts at Raymond James Financial from C$66.00 to C$70.00 in a research report issued on Monday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Raymond James Financial's price target suggests a potential upside of 7.20% 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.

Several other equities analysts have also weighed in on EMA. CIBC raised their price objective on shares of Emera from C$63.00 to C$64.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Desjardins set a C$62.00 price objective on shares of Emera and gave the company a "hold" rating in a research report on Tuesday, May 6th. Royal Bank Of Canada raised their price objective on shares of Emera from C$69.00 to C$70.00 and gave the company an "outperform" rating in a research report on Monday. Scotiabank raised their price objective on shares of Emera from C$67.00 to C$70.00 and gave the company an "outperform" rating in a research report on Monday. Finally, TD Securities raised their price objective on shares of Emera from C$69.00 to C$74.00 and gave the company a "buy" rating in a research report on Monday. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$64.33.

Emera Price Performance

Shares of TSE:EMA traded up C$0.52 during trading hours on Monday, hitting C$65.30. 100,882 shares of the company's stock traded hands, compared to its average volume of 1,272,355. Emera has a 52 week low of C$49.06 and a 52 week high of C$67.42. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72. The company's fifty day simple moving average is C$62.73 and its two-hundred day simple moving average is C$60.42. The company has a market cap of C$19.15 billion, a price-to-earnings ratio of 25.31, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35.

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.