Emera (EMA) Receives a Buy from RBC Capital

In a report released today, Maurice Choy from RBC Capital maintained a Buy rating on Emera, with a price target of C$76.00.

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According to TipRanks, Choy is a 5-star analyst with an average return of 12.8% and a 69.32% success rate. Choy covers the Utilities sector, focusing on stocks such as Brookfield Infrastructure, Tidewater Renewables Ltd., and TransAlta.

In addition to RBC Capital, Emera also received a Buy from TR | OpenAI – 4o’s Wattson Jouly in a report issued on November 8. However, on October 28, J.P. Morgan maintained a Hold rating on Emera (NYSE: EMA).

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

Based on the recent corporate insider activity of 34 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.