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Emera (EMA) Stock Forecast & Price Target

C$47.01
+0.28 (+0.60%)
(As of 07/18/2024 ET)

Emera - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 9 Wall Street analysts who have issued ratings for Emera in the last 12 months, the stock has a consensus rating of "Hold." Out of the 9 analysts, 1 has given a sell rating, 3 have given a hold rating, and 5 have given a buy rating for EMA.

Consensus Price Target

C$50.78
8.01% Upside
High ForecastC$60.00
Average ForecastC$50.78
Low ForecastC$37.00

According to the 9 analysts' twelve-month price targets for Emera, the average price target is C$50.78. The highest price target for EMA is C$60.00, while the lowest price target for EMA is C$37.00. The average price target represents a forecasted upside of 8.01% from the current price of C$47.01.

TypeCurrent Forecast
7/19/23 to 7/18/24
1 Month Ago
6/19/23 to 6/18/24
3 Months Ago
4/20/23 to 4/19/24
1 Year Ago
7/19/22 to 7/19/23
Consensus Rating
Hold
Hold
Hold
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
5 Buy rating(s)
5 Buy rating(s)
4 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
4 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$50.78C$51.00C$55.00C$60.75
Forecasted Upside8.01% Upside7.58% Upside12.87% Upside7.87% Upside
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EMA Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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EMA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Emera Stock vs. The Competition

TypeEmeraUtilities Companies
Consensus Rating Score
2.44
2.46
Consensus RatingHoldHold
News Sentiment RatingPositive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/2/2024National Bankshares
1 of 5 stars
 Lower TargetC$50.00 ➝ C$48.00+8.47%
5/30/2024BMO Capital Markets
3 of 5 stars
 Boost TargetOutperformC$36.00 ➝ C$37.00-20.87%
5/14/2024Wells Fargo & Company
3 of 5 stars
 Boost TargetEqual WeightC$49.00 ➝ C$53.00+8.72%
5/14/2024TD Securities
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 Lower TargetBuyC$57.00 ➝ C$54.00+10.77%
4/25/2024Raymond James
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 Lower TargetC$55.00 ➝ C$54.00+16.58%
4/22/2024Scotiabank
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 Lower TargetOutperformC$56.00 ➝ C$52.00+11.35%
4/19/2024CIBC
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 Lower TargetNeutralC$53.00 ➝ C$51.00+8.79%
2/27/2024Royal Bank of Canada
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 Lower TargetOutperformC$62.00 ➝ C$60.00+28.04%
1/22/2024JPMorgan Chase & Co.
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 Lower TargetUnderweightC$50.00 ➝ C$48.00-1.84%
6/6/2023UBS Group
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 DowngradeBuy ➝ NeutralC$65.00 ➝ C$59.00+6.61%
5/24/2023CSFB
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 Boost TargetC$55.00 ➝ C$60.00+6.03%
10/25/2022Credit Suisse Group
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 Boost TargetC$55.00+6.36%
8/16/2022Bank of America
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 UpgradeNeutral ➝ BuyC$65.00 ➝ C$68.99+11.01%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:25 PM ET.

EMA Forecast - Frequently Asked Questions

What is Emera's forecast for 2024?

According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Emera is C$50.78, with a high forecast of C$60.00 and a low forecast of C$37.00.

Should I buy or sell Emera stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Emera in the last twelve months. There is currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" EMA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EMA, but not buy additional shares or sell existing shares.

Does Emera's stock price have much upside?

According to analysts, Emera's stock has a predicted upside of 7.43% based on their 12-month stock forecasts.

What analysts cover Emera?

Emera has been rated by research analysts at BMO Capital Markets, CIBC, National Bankshares, Raymond James, Scotiabank, TD Securities, and Wells Fargo & Company in the past 90 days.

Do Wall Street analysts like Emera more than its competitors?

Analysts like Emera less than other "utilities" companies. The consensus rating score for Emera is 2.44 while the average consensus rating score for "utilities" companies is 2.46. Learn more on how EMA compares to other companies.


This page (TSE:EMA) was last updated on 7/18/2024 by MarketBeat.com Staff

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