EMA (Emera), a utility, is one of the few really bright lights in my portfolio at the moment. I'm up more than two thousand in just a very few months. My portfolio desperately needs that boost.
This morning I read that Emera his a price target of $48 at BMO Capital. The utility has been doing well and is rated by many analysts as an Outperform. I took another look at its numbers. All is not perfect, then again, that rarely happens. But a lot of the usual signs of financial health are there. For instance, the ROE (Return on Equity) is 9.06%. This is well above the industry average of 3.8%.
ROA (Return on Assets) is also good. The ROA of Emera at 2.07% is greater than that of many of its peers. The industry average is 1.28%.
If you go down the list of posted numbers, you will find some to give one pause but stop, take an in-depth look, and all seems reasonable. I won't be buying more, I have filled my quoted for this stock, but, if I did not have any holdings, I'd be watching the dips for a buying opportunity. Heck, with a big enough dip, even I might pick up another 100 shares to make a quick profit.
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