Emera (TSE:EMA) PT Raised to C$37.00

Emera (TSE:EMAFree Report) had its price objective lifted by BMO Capital Markets from C$36.00 to C$37.00 in a report published on Thursday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts have also recently issued reports about the company. National Bankshares upped their target price on Emera from C$49.00 to C$50.00 and gave the stock a sector perform rating in a research note on Thursday. TD Securities cut their target price on Emera from C$57.00 to C$54.00 and set a buy rating for the company in a research note on Tuesday, May 14th. Wells Fargo & Company upped their target price on Emera from C$49.00 to C$53.00 and gave the stock an equal weight rating in a research note on Tuesday, May 14th. Royal Bank of Canada cut their target price on Emera from C$62.00 to C$60.00 and set an outperform rating for the company in a research note on Tuesday, February 27th. Finally, Raymond James cut their target price on Emera from C$55.00 to C$54.00 in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and an average target price of C$51.80.

Get Our Latest Analysis on EMA

Emera Trading Up 1.4 %

Shares of TSE:EMA opened at C$47.46 on Thursday. The company has a market capitalization of C$13.60 billion, a P/E ratio of 21.28, a P/E/G ratio of 2.77 and a beta of 0.28. Emera has a 1 year low of C$43.67 and a 1 year high of C$56.80. The company has a debt-to-equity ratio of 160.58, a current ratio of 0.73 and a quick ratio of 0.23. The business’s 50 day simple moving average is C$47.63 and its 200 day simple moving average is C$48.35.

Emera Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th were paid a $0.717 dividend. This represents a $2.87 dividend on an annualized basis and a dividend yield of 6.04%. The ex-dividend date was Tuesday, April 30th. Emera’s payout ratio is 128.70%.

Emera Company Profile

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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.

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Analyst Recommendations for Emera (TSE:EMA)

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