Brokerages Set Emera Incorporated (TSE:EMA) Price Target at C$57.10

Emera Incorporated (TSE:EMA) has been assigned a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$57.10.

Several research firms recently issued reports on EMA. CIBC upgraded Emera from a “neutral” rating to an “outperform” rating and upped their target price for the stock from C$54.00 to C$58.00 in a report on Monday, December 2nd. Wells Fargo & Company upped their target price on Emera from C$51.00 to C$56.00 in a report on Monday, December 9th. BMO Capital Markets upped their target price on Emera from C$54.00 to C$58.00 in a report on Thursday, December 5th. National Bankshares upped their target price on Emera from C$54.00 to C$55.00 in a report on Thursday, December 5th. Finally, Cibc World Mkts upgraded Emera from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd.

Emera Stock Down 1.5 %

EMA stock opened at C$55.27 on Wednesday. The company has a debt-to-equity ratio of 155.62, a current ratio of 0.79 and a quick ratio of 0.23. The stock has a market capitalization of C$15.94 billion, a P/E ratio of 21.51, a P/E/G ratio of 6.20 and a beta of 0.35. The business has a 50-day moving average of C$53.99 and a 200-day moving average of C$51.99. Emera has a fifty-two week low of C$44.13 and a fifty-two week high of C$56.33.

Emera (TSE:EMA) last posted its quarterly earnings data on Friday, November 8th. The company reported C$0.81 earnings per share for the quarter, topping the consensus estimate of C$0.77 by C$0.04. Emera had a return on equity of 6.60% and a net margin of 10.83%. On average, sell-side analysts anticipate that Emera will post 3.1991627 earnings per share for the current fiscal year.

Emera Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 14th will be issued a dividend of $0.725 per share. This represents a $2.90 annualized dividend and a dividend yield of 5.25%. The ex-dividend date of this dividend is Friday, January 31st. Emera’s dividend payout ratio (DPR) is 112.84%.

Emera Company Profile

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.