Raymond James Issues Pessimistic Forecast for Emera (TSE:EMA) Stock Price

Emera (TSE:EMA) had its target price decreased by Raymond James from C$64.00 to C$59.00 in a research note released on Thursday,BayStreet.CA reports. Raymond James currently has an outperform rating on the stock. Raymond James also issued estimates for Emera’s Q4 2026 earnings at $0.87 EPS and FY2026 earnings at $3.33 EPS.

Other equities research analysts also recently issued reports about the company. CIBC increased their price target on Emera from C$59.00 to C$63.00 in a report on Friday, April 4th. Royal Bank of Canada raised their price target on Emera from C$60.00 to C$63.00 in a report on Monday, February 24th. BMO Capital Markets upped their price objective on Emera from C$58.00 to C$60.00 in a report on Monday, February 24th. Scotiabank boosted their target price on shares of Emera from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, UBS Group increased their price target on shares of Emera from C$54.00 to C$59.00 in a report on Friday, March 21st. Three 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$58.55.

Emera Price Performance

Shares of TSE EMA opened at C$61.03 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23. The stock has a market cap of C$17.89 billion, a P/E ratio of 23.66, a P/E/G ratio of 6.20 and a beta of 0.35. The stock has a 50 day moving average of C$58.72 and a two-hundred day moving average of C$55.14. Emera has a twelve month low of C$44.13 and a twelve month high of C$63.13.

Emera Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.725 per share. This represents a $2.90 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date is Thursday, May 1st. Emera’s dividend payout ratio 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.