Analysts Set Emera Incorporated (TSE:EMA) Target Price at C$57.30

Shares of Emera Incorporated (TSE:EMA) have earned an average rating of “Moderate Buy” from the eleven analysts that are currently covering the stock, Marketbeat reports. Three 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 12-month price objective among brokers that have issued a report on the stock in the last year is C$58.10.

Several equities research analysts recently commented on the company. Raymond James increased their price objective on Emera from C$57.00 to C$59.00 in a research report on Monday. CIBC upped their target price on shares of Emera from C$58.00 to C$59.00 in a research note on Monday. Bank of America upgraded shares of Emera from a “neutral” rating to a “buy” rating and lifted their price target for the stock from C$55.00 to C$57.00 in a research note on Monday, November 25th. BMO Capital Markets increased their price objective on shares of Emera from C$58.00 to C$60.00 in a research report on Monday. Finally, JPMorgan Chase & Co. upgraded shares of Emera from an “underperform” rating to a “neutral” rating and raised their target price for the stock from C$51.00 to C$56.00 in a report on Thursday, December 12th.

Emera Stock Performance

Shares of EMA opened at C$57.44 on Friday. The company has a market cap of C$16.84 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 6.20 and a beta of 0.35. The business’s fifty day simple moving average is C$54.73 and its two-hundred day simple moving average is C$52.94. Emera has a 12 month low of C$44.13 and a 12 month high of C$58.73. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23.

Emera Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 14th were given a $0.725 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.90 annualized dividend and a yield of 5.05%. Emera’s 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.