Emera (TSE:EMA) Price Target Cut to C$72.00 by Analysts at Canadian Imperial Bank of Commerce

by · The Markets Daily

Emera (TSE:EMA – Get Free Report) had its price objective dropped by equities research analysts at Canadian Imperial Bank of Commerce from C$76.00 to C$72.00 in a research note issued to investors on Tuesday, BayStreet reports. Canadian Imperial Bank of Commerce’s target price suggests a potential upside of 4.94% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Royal Bank Of Canada boosted their target price on shares of Emera from C$76.00 to C$84.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Desjardins upped their price objective on shares of Emera from C$70.00 to C$74.00 and gave the company a “hold” rating in a research report on Monday, July 20th. BMO Capital Markets increased their target price on shares of Emera from C$76.00 to C$80.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their price target on Emera from C$73.00 to C$79.00 in a research note on Tuesday, July 21st. Finally, Scotiabank upped their price target on Emera from C$78.00 to C$80.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 21st. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$76.67.

Check Out Our Latest Research Report on EMA

Emera Stock Performance

Emera stock traded up C$0.18 on Tuesday, reaching C$68.61. 255,546 shares of the stock were exchanged, compared to its average volume of 1,207,180. The company has a current ratio of 0.73, a quick ratio of 0.23 and a debt-to-equity ratio of 153.87. The firm has a fifty day moving average price of C$71.93 and a two-hundred day moving average price of C$72.41. The stock has a market cap of C$20.99 billion, a PE ratio of 21.78, a PEG ratio of 6.20 and a beta of 0.47. Emera has a twelve month low of C$63.93 and a twelve month high of C$77.99.

Emera (TSE:EMA – Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported C$0.69 EPS for the quarter. Emera had a return on equity of 7.51% and a net margin of 12.85%.The company had revenue of C$2.01 billion for the quarter. Sell-side analysts anticipate that Emera will post 3.1991627 EPS for the current year.

About Emera

(Get Free Report)

Emera (TSX/NYSE: EMA) is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.7 million customers in the United States, Canada and the Caribbean. Our team of 7,800 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera’s common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange.

See Also