Emera (TSE:EMA) had its price target dropped by equities researchers at BMO Capital Markets from C$48.00 to C$47.00 in a note issued to investors on Friday. The brokerage presently has a “buy” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 9.10% from the stock’s previous close.

Several other equities research analysts have also commented on EMA. National Bank Financial reduced their price target on shares of Emera from C$44.00 to C$43.00 and set a “sector perform” rating for the company in a report on Friday, August 10th. CSFB lowered shares of Emera from an “outperform” rating to a “neutral” rating and reduced their price target for the company from C$48.00 to C$45.00 in a report on Friday, August 10th. TD Securities reduced their price target on shares of Emera from C$49.00 to C$47.00 and set a “buy” rating for the company in a report on Monday, August 13th. CIBC lowered shares of Emera from an “outperform” rating to a “neutral” rating and reduced their price target for the company from C$52.00 to C$47.00 in a report on Monday, August 13th. Finally, Royal Bank of Canada reduced their price target on shares of Emera from C$50.00 to C$46.00 and set an “outperform” rating for the company in a report on Monday, August 13th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of C$46.89.

Shares of EMA opened at C$43.08 on Friday. Emera has a 1-year low of C$38.09 and a 1-year high of C$49.48. The company has a debt-to-equity ratio of 196.43, a current ratio of 0.56 and a quick ratio of 0.37.

Emera (TSE:EMA) last announced its quarterly earnings data on Thursday, August 9th. The company reported C$0.48 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.63 by C($0.15). The company had revenue of C$1.42 billion for the quarter, compared to the consensus estimate of C$1.49 billion. On average, equities research analysts expect that Emera will post 2.88999996169367 EPS for the current 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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Analyst Recommendations for Emera (TSE:EMA)

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