Emera (TSE:EMA) Price Target Raised to C$59.00

Emera (TSE:EMA) had its price objective boosted by Raymond James from C$57.00 to C$59.00 in a research note released on Monday,BayStreet.CA reports. Raymond James also issued estimates for Emera’s Q1 2025 earnings at $1.08 EPS, Q2 2025 earnings at $0.49 EPS, Q3 2025 earnings at $0.76 EPS, Q4 2025 earnings at $0.90 EPS and FY2025 earnings at $3.23 EPS.

EMA has been the topic of a number of other research reports. Wells Fargo & Company raised their target price on Emera from C$51.00 to C$56.00 in a report on Monday, December 9th. Scotiabank raised their target price on Emera from C$60.00 to C$62.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. National Bankshares raised their target price on Emera from C$54.00 to C$55.00 in a report on Thursday, December 5th. Bank of America raised Emera from a “neutral” rating to a “buy” rating and raised their target price for the company from C$55.00 to C$57.00 in a report on Monday, November 25th. Finally, JPMorgan Chase & Co. raised Emera from an “underperform” rating to a “neutral” rating and raised their target price for the company from C$51.00 to C$56.00 in a report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$58.10.

Emera Trading Up 1.4 %

TSE:EMA opened at C$58.10 on Monday. The company has a quick ratio of 0.23, a current ratio of 0.72 and a debt-to-equity ratio of 150.23. Emera has a 1-year low of C$44.13 and a 1-year high of C$58.73. The firm has a market capitalization of C$17.04 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. The stock has a fifty day simple moving average of C$54.65 and a 200 day simple moving average of C$52.88.

Emera Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 14th were paid a $0.725 dividend. This represents a $2.90 annualized dividend and a yield of 4.99%. The ex-dividend date was Friday, January 31st. Emera’s dividend payout ratio is 112.40%.

About Emera

Emera Incorporated, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.