Emera (TSE:EMA) Raised to Neutral at JPMorgan Chase & Co.

Emera (TSE:EMA) was upgraded by investment analysts at JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a C$56.00 target price on the stock, up from their prior target price of C$51.00. JPMorgan Chase & Co.‘s price target suggests a potential upside of 2.45% from the company’s previous close.

Several other analysts also recently issued reports on EMA. Royal Bank of Canada boosted their target price on shares of Emera from C$57.00 to C$60.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Wells Fargo & Company boosted their target price on shares of Emera from C$51.00 to C$56.00 in a research note on Monday, December 9th. CIBC raised shares of Emera from a “neutral” rating to an “outperform” rating and boosted their target price for the company from C$54.00 to C$58.00 in a research note on Monday, December 2nd. National Bankshares boosted their target price on shares of Emera from C$54.00 to C$55.00 in a research note on Thursday, December 5th. Finally, Bank of America raised shares of Emera from a “neutral” rating to a “buy” rating and boosted their target price for the company from C$55.00 to C$57.00 in a research note on Monday, November 25th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$57.10.

Emera Price Performance

Shares of TSE:EMA opened at C$54.66 on Thursday. The stock has a fifty day moving average of C$52.45 and a 200-day moving average of C$50.04. The company has a debt-to-equity ratio of 155.62, a quick ratio of 0.23 and a current ratio of 0.79. Emera has a one year low of C$44.13 and a one year high of C$56.20. The company has a market capitalization of C$15.76 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35.

Emera Company Profile

Emera Incorporated, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.