Emera (TSE:EMA) Price Target Cut to C$51.00 by Analysts at CIBC

Emera (TSE:EMA) had its price target decreased by equities research analysts at CIBC from C$53.00 to C$51.00 in a report issued on Friday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price objective would suggest a potential upside of 9.21% from the company’s current price.

Several other research firms have also recently weighed in on EMA. 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 research report on Monday, January 22nd. TD Securities decreased their price objective on shares of Emera from C$62.00 to C$57.00 and set a “buy” rating for the company in a report on Tuesday, February 27th. Royal Bank of Canada reduced their target price on shares of 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. National Bankshares dropped their price objective on Emera from C$50.00 to C$49.00 in a research note on Tuesday, February 27th. Finally, Scotiabank boosted their price objective on shares of Emera from C$54.00 to C$56.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. 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 company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$55.00.

Emera Stock Up 0.6 %

TSE:EMA traded up C$0.30 during trading hours on Friday, hitting C$46.70. 275,226 shares of the company traded hands, compared to its average volume of 1,157,987. Emera has a one year low of C$43.67 and a one year high of C$59.52. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 164.26. The company has a market cap of C$13.35 billion, a PE ratio of 13.13, a PEG ratio of 2.77 and a beta of 0.28. The firm’s 50-day simple moving average is C$47.59 and its 200-day simple moving average is C$48.12.

Emera (TSE:EMA) last released its quarterly earnings results on Monday, February 26th. The company reported C$0.63 earnings per share for the quarter, missing the consensus estimate of C$0.71 by C($0.08). The firm had revenue of C$1.97 billion for the quarter, compared to analysts’ expectations of C$1.97 billion. Emera had a return on equity of 8.88% and a net margin of 13.80%. Equities analysts predict that Emera will post 3.2788927 earnings per share for the current 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.