BMO Capital Markets Issues Positive Forecast for Emera (TSE:EMA) Stock Price

Emera (TSE:EMA) had its price target lifted by BMO Capital Markets from C$54.00 to C$58.00 in a research report released on Thursday,BayStreet.CA reports.

A number of other research analysts also recently weighed in on EMA. Scotiabank increased their target price on Emera from C$55.00 to C$60.00 in a report on Thursday. Cibc World Mkts raised shares of Emera from a “hold” rating to a “strong-buy” rating in a report on Monday. Raymond James boosted their target price on shares of Emera from C$54.00 to C$57.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. CIBC upgraded shares of Emera from a “neutral” rating to an “outperform” rating and increased their price target for the stock from C$54.00 to C$58.00 in a research report on Monday. Finally, Royal Bank of Canada boosted their price objective on shares of Emera from C$57.00 to C$60.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Emera presently has a consensus rating of “Moderate Buy” and a consensus target price of C$55.80.

Emera Stock Performance

The company’s fifty day moving average is C$52.19 and its two-hundred day moving average is C$49.81. The stock has a market cap of C$16.06 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 6.20 and a beta of 0.35. The company has a debt-to-equity ratio of 155.62, a quick ratio of 0.23 and a current ratio of 0.79. Emera has a 12 month low of C$44.13 and a 12 month high of C$55.84.

Emera Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were paid a $0.725 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.90 dividend on an annualized basis and a yield of ∞. Emera’s payout ratio is presently 112.84%.

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.