Emera Inc (TSE:EMA) reached a new 52-week low on Monday after Scotiabank lowered their price target on the stock from C$50.00 to C$48.00. Scotiabank currently has a sector perform rating on the stock. Emera traded as low as C$41.61 and last traded at C$41.92, with a volume of 909950 shares traded. The stock had previously closed at C$43.32.
Several other equities research analysts have also weighed in on EMA. TD Securities set a C$53.00 price objective on Emera and gave the stock a “buy” rating in a research note on Friday, December 29th. National Bank Financial set a C$52.00 price objective on Emera and gave the stock a “sector perform” rating in a research note on Friday, December 29th. BMO Capital Markets reduced their price objective on Emera from C$54.00 to C$52.00 in a research note on Tuesday, February 6th. Raymond James Financial raised Emera from a “market perform” rating to an “outperform” rating in a research note on Friday, February 9th. Finally, Royal Bank of Canada reduced their price objective on Emera from C$57.00 to C$50.00 and set an “outperform” rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$50.14.
In other news, Director Robert John Scott Hanf sold 20,775 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of C$48.50, for a total value of C$1,007,587.50.
The company has a market cap of $9,110.00, a PE ratio of 14.96 and a beta of -0.01.
Emera (TSE:EMA) last announced its quarterly earnings data on Tuesday, November 14th. The company reported C$0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.74 by C($0.19). Emera had a return on equity of 5.43% and a net margin of 6.94%. The firm had revenue of C$1.43 billion for the quarter, compared to analysts’ expectations of C$1.55 billion.
ILLEGAL ACTIVITY WARNING: This story was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The original version of this story can be read at https://www.dispatchtribunal.com/2018/02/14/emera-ema-sets-new-52-week-low-on-analyst-downgrade.html.
Emera Company Profile
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.
Receive News & Ratings for Emera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emera and related companies with MarketBeat.com's FREE daily email newsletter.