BMO Capital Markets Increases Emera (TSE:EMA) Price Target to C$60.00

Emera (TSE:EMA) had its target price increased by BMO Capital Markets from C$58.00 to C$60.00 in a report released on Monday,BayStreet.CA reports.

Several other research analysts have also commented on the company. CIBC lifted their target price on Emera from C$58.00 to C$59.00 in a research report on Monday. Scotiabank raised their price target on Emera from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Cibc World Mkts raised Emera from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Bank of America raised Emera from a “neutral” rating to a “buy” rating and raised their price target for the stock from C$55.00 to C$57.00 in a report on Monday, November 25th. Finally, Raymond James raised their price target on Emera from C$57.00 to C$59.00 in a report on Monday. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Emera currently has an average rating of “Moderate Buy” and an average target price of C$58.10.

Emera Trading Down 1.2 %

Shares of EMA opened at C$57.00 on Monday. The firm has a market cap of C$16.71 billion, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. The business has a 50 day moving average price of C$54.50. 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 has a 52 week low of C$44.13 and a 52 week high of C$57.93.

Emera Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 14th were given a dividend of $0.725 per share. This represents a $2.90 annualized dividend and a dividend yield of 5.09%. The ex-dividend date was Friday, January 31st. Emera’s dividend payout ratio (DPR) is presently 112.40%.

About Emera

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.