Will Emera Inc Go Down Anytime Soon?


 Will Emera Inc Go Down Anytime Soon?

The stock of Emera Inc (TSE:EMA) is a huge mover today! About 111,520 shares traded hands. Emera Inc (TSE:EMA) has declined 0.64% since March 10, 2016 and is downtrending. It has underperformed by 6.25% the S&P500.
The move comes after 6 months positive chart setup for the $9.44B company. It was reported on Oct, 17 by Barchart.com. We have $79.02 PT which if reached, will make TSE:EMA worth $6.51 billion more.

Emera Inc (TSE:EMA) Ratings Coverage

Out of 6 analysts covering Emera Inc. (TSE:EMA), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. $60 is the highest target while $44.50 is the lowest. The $52.50 average target is 12.28% above today’s ($46.76) stock price. Emera Inc. has been the topic of 26 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock has “Market Perform” rating given by Raymond James on Thursday, September 22. The company was maintained on Wednesday, August 12 by TD Securities. The stock has “Sector Outperformer” rating given by IBC on Wednesday, August 12. RBC Capital Markets maintained Emera Inc (TSE:EMA) rating on Tuesday, November 17. RBC Capital Markets has “Outperform” rating and $56 price target. Scotia Capital maintained the shares of EMA in a report on Wednesday, August 12 with “Sector Perform” rating. The stock of Emera Inc (TSE:EMA) earned “Sector Perform” rating by National Bank Canada on Tuesday, September 29. As per Tuesday, September 29, the company rating was initiated by BMO Capital Markets.

More notable recent Emera Inc (TSE:EMA) news were published by: Marketwired.com which released: “Emera Inc. Sells 50.1 Million Common Shares of Algonquin Power & Utilities Corp.” on May 17, 2016, also Businesswire.com with their article: “Emera Acquisition of TECO Energy Approved by FERC” published on January 21, 2016, Bloomberg.com published: “Emera Makes $6.5 Billion Bet on U.S. Power Markets in Teco Deal” on September 04, 2015. More interesting news about Emera Inc (TSE:EMA) were released by: Businesswire.com and their article: “Emera Inc. Issues 50496750 Common Shares upon Conversion of Outstanding …” published on August 03, 2016 as well as Business.Financialpost.com‘s news article titled: “Nova Scotia’s Emera Inc eyes Alberta to grow its clean power business” with publication date: December 16, 2015.

Emera Incorporated is an energy and services firm that invests in electricity generation, transmission and distribution, as well as gas transmission and utility services. The company has a market cap of $9.44 billion. The Firm operates through six divisions: NSPI; Emera Maine; Emera Caribbean, which includes Emera Incorporated and its subsidiaries, which includes The Barbados Light & Power Company Limited, Dominica Electricity Services Ltd., Grand Bahama Power Company Limited, Emera Utility Services (Bahamas) Limited and an equity investment in St. It has a 14.5 P/E ratio.

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