Shares of Emera Incorporated (EMA) were revisited by a Wall Street analyst yesterday. Analyst David Quezada from Raymond James rated Emera Incorporated (EMA) a Buy, setting a C$50 price target.
Quezada has an average return of 6.2% when recommending Emera Incorporated.
According to TipRanks.com, Quezada is ranked #4104 out of 5127 analysts.
Currently, the analyst consensus on Emera Incorporated is a Moderate Buy with an average price target of C$46.67.
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$43.30.
