Emera (TSE:EMA) Price Target Increased to C$46.00 by Analysts at JPMorgan Chase & Co.

Emera (TSE:EMA) had its price objective upped by research analysts at JPMorgan Chase & Co. from C$45.00 to C$46.00 in a report issued on Thursday, BayStreet.CA reports. JPMorgan Chase & Co.‘s target price suggests a potential downside of 5.54% from the company’s current price.

EMA has been the subject of several other reports. CIBC cut their target price on Emera from C$51.00 to C$50.00 and set a “neutral” rating for the company in a research note on Monday. National Bankshares dropped their price objective on Emera from C$50.00 to C$48.00 in a research report on Tuesday, July 2nd. Raymond James decreased their target price on Emera from C$55.00 to C$54.00 in a research report on Thursday, April 25th. Scotiabank dropped their target price on shares of Emera from C$56.00 to C$52.00 and set an “outperform” rating for the company in a report on Monday, April 22nd. Finally, BMO Capital Markets lifted their price target on shares of Emera from C$36.00 to C$37.00 and gave the company an “outperform” rating in a report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Emera has an average rating of “Hold” and an average price target of C$50.44.

Emera Price Performance

EMA stock traded up C$0.30 during midday trading on Thursday, reaching C$48.70. The company had a trading volume of 481,905 shares, compared to its average volume of 1,212,675. Emera has a 1-year low of C$43.67 and a 1-year high of C$55.74. The stock has a 50 day moving average price of C$46.93 and a 200-day moving average price of C$47.60. The company has a debt-to-equity ratio of 160.58, a current ratio of 0.73 and a quick ratio of 0.23. The company has a market capitalization of C$13.96 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 2.77 and a beta of 0.28.

Emera (TSE:EMA) last issued its earnings results on Monday, May 13th. The company reported C$0.76 EPS for the quarter, missing the consensus estimate of C$0.79 by C($0.03). The firm had revenue of C$2.02 billion during the quarter, compared to analyst estimates of C$2.04 billion. Emera had a net margin of 9.69% and a return on equity of 5.71%. Equities research analysts expect that Emera will post 3.0053635 earnings per share for the current year.

About Emera

Emera Incorporated, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.