Brokerages Set Emera Incorporated (TSE:EMA) Price Target at C$52.10

Emera Incorporated (TSE:EMA) has received a consensus recommendation of “Hold” from the ten analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$52.10.

Several equities analysts have recently weighed in on the company. Royal Bank of Canada boosted their target price on Emera from C$57.00 to C$60.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Scotiabank upped their price objective on Emera from C$52.00 to C$55.00 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. Bank of America set a C$55.00 price objective on Emera and gave the company a “neutral” rating in a research report on Friday, September 20th. Raymond James upped their price objective on Emera from C$54.00 to C$57.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Finally, National Bankshares upped their price objective on Emera from C$49.00 to C$54.00 and gave the company a “sector perform” rating in a research report on Friday, August 23rd.

Emera Stock Performance

TSE EMA opened at C$53.13 on Monday. The company has a market cap of C$15.32 billion, a P/E ratio of 20.67, a P/E/G 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. The business’s 50 day moving average price is C$51.78 and its 200-day moving average price is C$48.92. Emera has a fifty-two week low of C$44.13 and a fifty-two week high of C$54.19.

Emera (TSE:EMA) last released its earnings results on Friday, August 9th. The company reported C$0.53 earnings per share for the quarter, missing the consensus estimate of C$0.56 by C($0.03). The company had revenue of C$1.62 billion for the quarter, compared to the consensus estimate of C$1.67 billion. Emera had a net margin of 10.83% and a return on equity of 6.60%. Sell-side analysts predict that Emera will post 3.1991627 earnings per share for the current year.

Emera Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.725 dividend. This represents a $2.90 annualized dividend and a dividend yield of 5.46%. The ex-dividend date is Friday, November 1st. Emera’s dividend payout ratio 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.