Emera (EMA) PT Lowered to C$47.00 at BMO Capital Markets

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Emera (TSE:EMA) had its price objective dropped by research analysts at BMO Capital Markets from C$48.00 to C$47.00 in a note issued to investors on Friday. The firm presently has a “buy” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 9.10% from the company’s current price.

Other analysts have also issued reports about the stock. TD Securities reduced their price objective on shares of Emera from C$49.00 to C$47.00 and set a “buy” rating for the company in a research note on Monday, August 13th. Industrial Alliance Securities reduced their price objective on shares of Emera from C$55.00 to C$51.00 in a research note on Tuesday, October 9th. CIBC reduced their price objective on shares of Emera from C$47.00 to C$45.00 in a research note on Wednesday, October 24th. National Bank Financial reduced their price objective on shares of Emera from C$44.00 to C$43.00 and set a “sector perform” rating for the company in a research note on Friday, August 10th. Finally, Royal Bank of Canada reduced their price objective on shares of Emera from C$50.00 to C$46.00 and set an “outperform” rating for the company in a research note on Monday, August 13th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of C$46.89.

EMA stock traded up C$2.34 during mid-day trading on Friday, reaching C$43.08. 2,469,340 shares of the stock traded hands, compared to its average volume of 708,750. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 196.43. Emera has a 52-week low of C$38.09 and a 52-week high of C$49.48.

Emera (TSE:EMA) last posted its quarterly earnings data on Thursday, August 9th. The company reported C$0.48 EPS for the quarter, missing analysts’ consensus estimates of C$0.63 by C($0.15). The business had revenue of C$1.42 billion for the quarter, compared to the consensus estimate of C$1.49 billion. As a group, equities research analysts predict that Emera will post 2.88999996169367 earnings per share for the current fiscal year.

About Emera

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.

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