Analysts 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 presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$57.10.

Several equities analysts recently commented on EMA shares. Cibc World Mkts raised shares of Emera from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. CIBC raised shares of Emera from a “neutral” rating to an “outperform” rating and increased their price target for the company from C$54.00 to C$58.00 in a research report on Monday, December 2nd. Bank of America upgraded Emera from a “neutral” rating to a “buy” rating and upped their target price for the company from C$55.00 to C$57.00 in a report on Monday, November 25th. Royal Bank of Canada increased their target price on Emera from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. raised shares of Emera from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from C$51.00 to C$56.00 in a research note on Thursday, December 12th.

Emera Stock Performance

Shares of EMA stock opened at C$53.33 on Friday. Emera has a 52 week low of C$44.13 and a 52 week high of C$56.20. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 155.62. The stock has a 50-day moving average of C$52.95. The company has a market capitalization of C$15.38 billion, a price-to-earnings ratio of 20.75, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35.

Emera Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were given a dividend of $0.725 per share. This represents a $2.90 annualized dividend and a dividend yield of 5.44%. The ex-dividend date of this dividend was Friday, November 1st. Emera’s payout ratio is currently 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.