Emera (EMA) Upgraded to Outperform by Raymond James Financial

Raymond James Financial upgraded shares of Emera (TSE:EMA) from a market perform rating to an outperform rating in a research report sent to investors on Friday.

Other equities research analysts have also issued research reports about the company. Scotiabank reduced their target price on Emera from C$51.00 to C$50.00 and set a sector perform rating on the stock in a research note on Tuesday, January 2nd. National Bank Financial set a C$52.00 target price on Emera and gave the company a sector perform rating in a research note on Friday, December 29th. TD Securities set a C$53.00 target price on Emera and gave the company a buy rating in a research note on Friday, December 29th. Finally, BMO Capital Markets reduced their target price on Emera from C$54.00 to C$52.00 in a research note on Tuesday, February 6th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Emera currently has a consensus rating of Buy and an average target price of C$53.31.

Shares of Emera (TSE:EMA) opened at C$41.53 on Friday. Emera has a 52 week low of C$41.42 and a 52 week high of C$49.48. The stock has a market capitalization of $9,480.00, a P/E ratio of 15.55 and a beta of -0.01.

Emera (TSE:EMA) last posted its earnings results on Tuesday, November 14th. The company reported C$0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.74 by C($0.19). Emera had a net margin of 6.94% and a return on equity of 5.43%. The company had revenue of C$1.43 billion during the quarter, compared to analysts’ expectations of C$1.55 billion.

In other Emera news, Director Robert John Scott Hanf sold 20,775 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of C$48.50, for a total transaction of C$1,007,587.50.

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About Emera

Emera Incorporated is an energy and services company, which invests in electricity generation, transmission and distribution, gas transmission and utility services. The Company operates through six segments: Emera Florida and New Mexico; Nova Scotia Power Inc (NSPI); Emera Maine; Emera Caribbean; Emera Energy, and Corporate and Other.

Analyst Recommendations for Emera (TSE:EMA)

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