Emera (TSE:EMA) Stock Rating Reaffirmed by Raymond James
Raymond James reissued their market perform rating on shares of Emera (TSE:EMA) in a research report sent to investors on Monday morning, BayStreet.CA reports. They currently have a C$56.00 price objective on the stock.
Several other research firms also recently commented on EMA. CSFB upped their price objective on Emera from C$50.00 to C$56.00 and gave the company a neutral rating in a research note on Thursday, July 25th. National Bank Financial upped their price target on Emera from C$54.00 to C$55.00 and gave the stock a sector perform rating in a report on Monday. BMO Capital Markets upped their price target on Emera from C$55.00 to C$57.00 in a report on Monday, September 9th. Wells Fargo & Co upped their price target on Emera from C$59.00 to C$60.00 in a report on Tuesday, September 3rd. Finally, TD Securities upped their price target on Emera from C$55.00 to C$59.00 and gave the stock a buy rating in a report on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of C$55.60.
Shares of Emera stock traded up C$0.45 on Monday, hitting C$53.71. The stock had a trading volume of 1,071,116 shares, compared to its average volume of 978,319. Emera has a 52-week low of C$41.73 and a 52-week high of C$58.89. The company has a current ratio of 0.59, a quick ratio of 0.38 and a debt-to-equity ratio of 183.15. The stock has a market cap of $12.71 billion and a price-to-earnings ratio of 18.24. The company’s 50 day moving average price is C$55.98 and its 200 day moving average price is C$54.60.
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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