Emera Incorporated (EMA), the Utilities sector company was revisited today, and remains undervalued for at least one analyst on the street. The company received a Buy rating from Raymond James’ analyst David Quezada, with a C$50 price target.
Quezada has an average return of 18.4% when recommending Emera Incorporated.
According to TipRanks.com, Quezada is ranked #938 out of 5246 analysts.
Emera Incorporated has an analyst consensus of Moderate Buy, with a price target consensus of C$49.71, implying a -1.7% downside from current levels. In a report released today, BMO Capital also reiterated a Buy rating on the stock with a C$51 price target.
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Emera Incorporated’s market cap is currently C$11.84B and has a P/E ratio of 16.4. The company has a Price to Book ratio of 1.62.
Emera, Inc. is an energy and services company, which invests in electricity generation, transmission and distribution and gas transmission and distribution. The company was founded on July 23, 1998 and is headquartered in Halifax, Canada.
The company’s shares closed on Tuesday at C$50.55, close to its 52-week high of C$51.05.
