CIBC equity research analysts raised their price objective for Emera (TSE: EMA) in a research note published on Tuesday. The new price objective is C$55.00, compared to the previous one of C$54.00. BayStreet.CA is the source from which we obtained this information. The price objective offered by CIBC indicates that there is a possibility that the current price of the company will increase by 6.03 percent.
Other research analysts have also recently issued reports on the stock that have only recently become public. These reports were released recently. National Bankshares announced in a research note published on Tuesday, October 25th, that they would be decreasing their target price on Emera shares from C$60.00 to C$51.00. The previous target price was $60. In a research note published on Tuesday, November 15th, UBS Group stated that they would be decreasing their target price for Emera shares from C$67.00 to C$62.00. This change was made in response to recent market events. TD Securities issued a research note on Monday, November 14th, giving Emera shares a “buy” rating and lowering their price target for the stock from C$64.00 to C$63.00. The research note was published online. The price target was reduced in conjunction with the released research note. BMO Capital Markets stated in a research note released on Monday, November 14th, that they would be lowering their price objective on Emera shares from C$63.00 to C$61.00. This change was made in response to recent market conditions. Finally, the price objective that Scotiabank has placed on Emera shares has decreased from C$69.00 to C$59.00 due to a research note published on Thursday, October 20th. The final and most significant adjustment was made here. A total of five investment analysts think that the stock ought to be purchased, while only four are of the opinion that it ought to be held. According to Bloomberg, the average rating for the company is now a “Moderate Buy,” and the consensus target price is 59,58 Canadian dollars. In addition, the average price target is $59,58 in Canadian dollars.
During Tuesday’s trading session, the cost of a share of TSE EMA fell by $0.23, bringing its price to a new low of $51.87. The total number of shares traded in the company’s stock was 132,111, significantly less than its daily average volume of 1,285,836 shares. The company’s moving average over the previous 50 days is $51.81, and the moving average over the previous 200 days is $56.47. Emera reached its all-time high of $65.23 one year ago, while the stock reached its all-time low of $48.63 that same year. This illustration provides:
A debt-to-equity ratio equal to 164.95.
A quick ratio equal to 0.23.
A current ratio equal to 0.70.
This particular company has a price-to-earnings ratio of 17.35, and its market value is 13.92 billion Canadian dollars.
On November 11th, the most recent results report for Emera (TSE: EMA) was made available for the general public to peruse and digest. The company announced earnings per share for the quarter totaling 0.76 Canadian dollars, which is $0.02 higher than the consensus estimate of 0.74 Canadian dollars that analysts made. In addition, the company’s revenue for the quarter was 1.84 billion Canadian dollars, which is significantly higher than the 1.59 billion Canadian dollars that the analysts had predicted it would bring in. According to the forecasts provided by industry analysts, Emera should be able to generate earnings of $3.22 per share for the current financial year.
The subsidiaries of Emera Incorporated are responsible for generating, transmitting, and distributing electricity to the various customers served by the company. In addition, Emera Incorporated supplies energy and other energy-related services to a wide range of clients. The organization’s various departments can be broken down into the following classes: Other Electric Utilities, Gas Utilities, and Infrastructure, Electric Utilities in Florida, Electric Utilities in Canada, Other Utilities and Infrastructure, and Other Utilities and Infrastructure.