The Utilities sector company, Emera Incorporated (EMA), has received a rating update from a Wall Street analyst yesterday. Analyst Robert Catellier from CIBC reiterated a Hold rating, with a C$47 price target.
According to TipRanks.com, Catellier is a 2-star analyst with an average return of 0.2% and a 55.1% success rate. Catellier covers the Basic Materials sector, focusing on stocks such as Inter Pipeline Ltd, Gibson Energy Inc, and Pembina Pipeline.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Emera Incorporated with a C$47.14 average price target.
Based on Emera Incorporated’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$1.6 billion and net profit of C$140 million. In comparison, last year the company earned revenue of C$1.48 billion and had a GAAP net loss of C$228 million.
Emera, Inc. engages in the provision of energy products and services. It operates through the following segments: Emera Florida and New Mexico, Nova Scotia Power Inc., Emera Maine, Emera Caribbean, Emera Energy, and Corporate and Other. It has investments in electricity generation, transmission and distribution, and gas transmission and distribution.
The company’s shares closed on Monday at C$44.22.
