Scotiabank Lowers Emera (TSE:EMA) Price Target to C$52.00

Emera (TSE:EMA - Get Free Report) had its target price decreased by analysts at Scotiabank from C$56.00 to C$52.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Scotiabank's price target indicates a potential upside of 11.35% from the stock's previous close.

EMA has been the topic of several other research reports. JPMorgan Chase & Co. cut their price objective on Emera from C$50.00 to C$48.00 and set an "underweight" rating on the stock in a report on Monday, January 22nd. National Bankshares cut their price objective on Emera from C$50.00 to C$49.00 in a report on Tuesday, February 27th. CIBC lowered their target price on Emera from C$53.00 to C$51.00 and set a "neutral" rating for the company in a research note on Friday. Raymond James lowered their price objective on Emera from C$59.00 to C$55.00 in a research report on Tuesday, February 27th. Finally, Royal Bank of Canada lowered their price objective on Emera from C$62.00 to C$60.00 and set an "outperform" rating for the company in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of C$54.60.

Emera Price Performance

Shares of TSE:EMA traded down C$0.01 during trading on Monday, reaching C$46.70. The stock had a trading volume of 2,115,002 shares, compared to its average volume of 1,184,688. Emera has a 1-year low of C$43.67 and a 1-year high of C$59.52. The company has a debt-to-equity ratio of 164.26, a quick ratio of 0.23 and a current ratio of 0.82. The stock has a market cap of C$13.35 billion, a PE ratio of 13.08, a PEG ratio of 2.77 and a beta of 0.28. The business has a fifty day moving average price of C$47.59 and a 200-day moving average price of C$48.16.

Emera (TSE:EMA - Get Free Report) last posted its earnings results on Monday, February 26th. The company reported C$0.63 EPS for the quarter, missing analysts' consensus estimates of C$0.71 by C($0.08). Emera had a net margin of 13.80% and a return on equity of 8.88%. The business had revenue of C$1.97 billion during the quarter, compared to analysts' expectations of C$1.97 billion. On average, equities analysts forecast that Emera will post 3.2788927 earnings per share for the current fiscal year.

Emera Company Profile

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.