What’s Next for Emera Inc After Today’s Huge Decline?

 What's Next for Emera Inc After Today's Huge Decline?

The stock of Emera Inc (TSE:EMA) is a huge mover today! About 211,802 shares traded hands. Emera Inc (TSE:EMA) has declined 3.31% since April 5, 2016 and is downtrending. It has underperformed by 8.09% the S&P500.
The move comes after 8 months negative chart setup for the $9.25B company. It was reported on Nov, 9 by Barchart.com. We have $42.90 PT which if reached, will make TSE:EMA worth $647.50M less.

Emera Inc (TSE:EMA) Ratings Coverage

Out of 7 analysts covering Emera Inc. (TSE:EMA), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. $60 is the highest target while $44.50 is the lowest. The $52.50 average target is 13.81% above today’s ($46.13) stock price. Emera Inc. has been the topic of 27 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The company was initiated on Tuesday, September 29 by BMO Capital Markets. The firm earned “Market Perform” rating on Thursday, September 22 by Raymond James. The firm has “Hold” rating given on Wednesday, August 12 by TD Securities. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, November 17. The firm has “Outperform” rating given on Tuesday, November 8 by RBC Capital Markets. The company was upgraded on Wednesday, August 12 by IBC. National Bank Canada initiated the shares of EMA in a report on Tuesday, September 29 with “Sector Perform” rating. The stock of Emera Inc (TSE:EMA) earned “Sector Perform” rating by Scotia Capital on Wednesday, August 12.

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, Business.Financialpost.com published: “Nova Scotia’s Emera Inc eyes Alberta to grow its clean power business” on December 16, 2015. More interesting news about Emera Inc (TSE:EMA) were released by: Fool.ca and their article: “Is Fortis Inc. or Emera Inc. the Better Buy Today?” published on May 16, 2016 as well as Fool.ca‘s news article titled: “Emera Inc. Is Unloading its Stake in Algonquin Power & Utilities Corp.” with publication date: May 18, 2016.

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 $9.25 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 18.7 P/E ratio.

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