Veritas upgrades Emera stock to Buy with CAD 75.00 target
Published on 10/17/2026 at 21:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and earnings date
- On October 7, 2026, Veritas analyst Benjamin Butler moved the target from CAD 65.00 to CAD 75.00 and upgraded Emera to Buy.
- Emera's Q3 2026 results and capital plan are scheduled for November 6, 2026.
- Emera stock stood at CAD 67.48 on October 16, 2026 at 4:00 p.m. ET on the TSX, up 1.03 percent versus the prior close of CAD 66.79.
- Emera had a P/E of 21.35 and market capitalization of CAD 20.7 billion on October 16, 2026.
Veritas analyst Benjamin Butler upgraded Emera from Sell to Buy and raised the target from CAD 65.00 to CAD 75.00 on October 7, 2026, according to Markets Insider. The new target is 11.14 percent above Emera's last price. Emera stock stood at CAD 67.48 on October 16, 2026 at 4:00 p.m. ET on the TSX, up 1.03 percent versus the prior close of CAD 66.79.
November results and capital plan
Emera will release its third-quarter 2026 results before markets open on November 6, 2026, and discuss its 2027-2031 capital and funding plan the same day. The date was announced in a release dated October 9, 2026, by Emera. The company will also hold its results call at 8:30 a.m. Eastern time.
Range and trading activity
The stock's 52-week range was CAD 64.62 to CAD 77.99 as of October 16, 2026. At CAD 67.48, it stood 13.48 percent below the high and 4.43 percent above the low. Trading volume reached 2,083,205 shares, 46.15 percent above the average volume of 1,425,387 shares.
The valuation picture adds a second comparison point. Emera's market capitalization was CAD 20.7 billion and its P/E was 21.35 on October 16, 2026. The CAD 75.00 Veritas target therefore sits 11.14 percent above the latest TSX price, using the same currency for both values.
Comparison with peers
Emera (TSX, CAD): plus 1.03 percent, P/E 21.35, market capitalization CAD 20.7 billion
Fortis (TSX, CAD): plus 1.66 percent, P/E 23.11, market capitalization CAD 40.3 billion
Algonquin Power & Utilities (TSX, CAD): plus 0.54 percent, P/E 28.89, market capitalization CAD 5.7 billion
Price and investor calendar
Emera's regulated utility portfolio gives the November reporting date particular weight because the release will also address the next five-year capital and funding plan. The company operates electric and natural-gas utilities across North America and serves approximately 2.1 million customers, according to the October 9, 2026 company release. The latest figures place Emera between Fortis and Algonquin Power & Utilities on valuation, while its market value remains below Fortis's CAD 40.3 billion.
Emera's latest completed TSX session ended with a CAD 67.48 price at 4:00 p.m. ET on October 16, 2026, up 1.03 percent from the prior close of CAD 66.79. The next scheduled company event is the third-quarter 2026 results release and capital-plan discussion on November 6, 2026.
Emera stock facts
- Company: Emera Incorporated
- ISIN: CA2908761018
- Ticker: EMA
- Primary exchange: Toronto Stock Exchange
- Price on Toronto Stock Exchange (as of October 16, 2026, 4:00 p.m. ET): CAD 67.48
- Change versus prior close: plus 1.03 percent
- Prior close: CAD 66.79 on October 15, 2026
- Market capitalization: CAD 20.7 billion (as of October 16, 2026)
- 52-week range: CAD 64.62-CAD 77.99 (as of October 16, 2026)
- Sector / Industry: Utilities / Electric utilities
Market context: Market report S&P/TSX Composite.
