Shares of Emera Inc (TSE:EMA) hit a new 52-week low during mid-day trading 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.

EMA has been the topic of several other reports. National Bank Financial cut their target price on Emera from C$45.00 to C$43.00 in a report on Tuesday. TD Securities cut their target price on Emera from C$53.00 to C$49.00 and set a “buy” rating on the stock in a report on Tuesday. BMO Capital Markets cut their target price on Emera from C$54.00 to C$52.00 in a report on Tuesday, February 6th. Royal Bank of Canada cut their target price on Emera from C$57.00 to C$50.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Raymond James Financial upgraded Emera from a “market perform” rating to an “outperform” rating in a report on Friday, February 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of C$50.14.

In other news, Director Robert John Scott Hanf sold 20,775 shares of the firm’s stock in a transaction dated 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 stock has a market cap of $9,110.00, a PE ratio of 14.96 and a beta of -0.01.

Emera (TSE:EMA) last issued its quarterly earnings results 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). The business had revenue of C$1.43 billion during the quarter, compared to analyst estimates of C$1.55 billion. Emera had a net margin of 6.94% and a return on equity of 5.43%.

TRADEMARK VIOLATION WARNING: This report was originally reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this report on another site, it was stolen and reposted in violation of US and international trademark & copyright law. The legal version of this report can be accessed at https://theolympiareport.com/2018/02/14/emera-ema-sets-new-1-year-low-after-analyst-downgrade.html.

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.

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.