Today, an analyst has provided a rating update for the Utilities sector company, Emera Incorporated (EMA). Analyst Robert Kwan from RBC Capital rated Emera Incorporated (EMA) a Buy, setting a C$56 price target.
Kwan has an average return of 4.8% when recommending Emera Incorporated.
According to TipRanks.com, Kwan is ranked #165 out of 5258 analysts.
Currently, the analyst consensus on Emera Incorporated is a Moderate Buy with an average price target of C$49.71, representing a -1.6% downside. In a report released yesterday, BMO Capital also reiterated a Buy rating on the stock with a C$51 price target.
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Based on Emera Incorporated’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$1.65 billion and net profit of C$231 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. 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 Wednesday at C$50.52, close to its 52-week high of C$51.05.
