Desjardins Keeps Their Hold Rating on Emera (EMA)

Desjardins analyst Brent Stadler maintained a Hold rating on Emera yesterday and set a price target of C$64.00. The company’s shares closed yesterday at $47.17.

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According to TipRanks, Stadler is a 2-star analyst with an average return of 1.8% and a 44.44% success rate. Stadler covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners, TransAlta, and Capital Power.

Emera has an analyst consensus of Moderate Buy, with a price target consensus of $48.08.

Based on Emera’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.99 billion and a net profit of $154 million. In comparison, last year the company earned a revenue of $1.62 billion and had a net profit of $147 million

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EMA in relation to earlier this year.