Emera (TSE:EMA) Stock Price Expected to Rise, UBS Group Analyst Says

Emera (TSE:EMA) had its price target boosted by UBS Group from C$54.00 to C$59.00 in a research note released on Friday morning,BayStreet.CA reports.

A number of other analysts have also recently weighed in on the company. JPMorgan Chase & Co. upgraded Emera from an “underperform” rating to a “neutral” rating and increased their price target for the stock from C$51.00 to C$56.00 in a research report on Thursday, December 12th. Raymond James increased their target price on Emera from C$57.00 to C$59.00 in a research report on Monday, February 24th. Wells Fargo & Company raised their target price on Emera from C$51.00 to C$56.00 in a research note on Monday, December 9th. Cibc World Mkts upgraded shares of Emera from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, National Bankshares boosted their target price on shares of Emera from C$54.00 to C$55.00 in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Emera presently has a consensus rating of “Moderate Buy” and an average target price of C$58.18.

Emera Price Performance

Shares of TSE:EMA opened at C$59.18 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.72 and a debt-to-equity ratio of 150.23. The firm has a 50-day simple moving average of C$56.44 and a 200 day simple moving average of C$53.96. Emera has a fifty-two week low of C$44.13 and a fifty-two week high of C$59.88. The company has a market cap of C$17.35 billion, a PE ratio of 22.94, a P/E/G ratio of 6.20 and a beta of 0.35.

Emera Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 14th were paid a dividend of $0.725 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.90 dividend on an annualized basis and a dividend yield of 4.90%. Emera’s dividend payout ratio is presently 112.40%.

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.