Emera (EMA) Raised to “Strong-Buy” at Industrial Alliance Securities

Industrial Alliance Securities upgraded shares of Emera (TSE:EMA) from a buy rating to a strong-buy rating in a research report report published on Friday morning.

Several other brokerages have also commented on EMA. National Bank Financial boosted their price objective on Emera from C$43.00 to C$44.00 and gave the stock a sector perform rating in a report on Friday, May 25th. Raymond James boosted their price objective on Emera from C$51.50 to C$52.00 and gave the stock an outperform rating in a report on Friday, May 25th. Scotiabank cut their price objective on Emera from C$48.00 to C$46.00 and set a sector perform rating for the company in a report on Monday, May 14th. Finally, CIBC cut their price objective on Emera from C$55.00 to C$52.00 in a report on Friday, May 11th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Emera currently has an average rating of Buy and a consensus target price of C$49.63.

Emera opened at C$42.73 on Friday, MarketBeat.com reports. Emera has a twelve month low of C$39.08 and a twelve month high of C$49.48.

Emera (TSE:EMA) last issued its quarterly earnings data on Thursday, May 10th. The company reported C$0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.80 by C$0.07. Emera had a return on equity of 5.85% and a net margin of 5.77%. The company had revenue of C$1.81 billion during the quarter, compared to analyst estimates of C$1.62 billion.

Emera Company Profile

Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company is also involved in gas transmission and utility energy services businesses; and the provision of energy marketing, trading, and other energy asset management services.

Analyst Recommendations for Emera (TSE:EMA)

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