Emera Incorporated (TSE:EMA) Receives C$64.33 Average Price Target from Brokerages

Emera Incorporated (TSE:EMA) has earned a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$64.33.

Several research firms recently issued reports on EMA. Cibc World Mkts cut shares of Emera from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Royal Bank Of Canada upped their price target on shares of Emera from C$69.00 to C$70.00 and gave the company an “outperform” rating in a report on Monday, August 11th. Scotiabank lifted their price objective on shares of Emera from C$67.00 to C$70.00 and gave the stock an “outperform” rating in a report on Monday, August 11th. CIBC cut shares of Emera from an “outperform” rating to a “neutral” rating and increased their target price for the stock from C$65.00 to C$68.00 in a report on Monday, August 11th. Finally, TD Securities increased their target price on shares of Emera from C$69.00 to C$74.00 and gave the stock a “buy” rating in a report on Monday, August 11th.

Emera Trading Up 0.2%

EMA opened at C$66.04 on Friday. The stock has a market capitalization of C$19.36 billion, a PE ratio of 25.60, a P/E/G ratio of 6.20 and a beta of 0.35. The firm’s fifty day moving average price is C$63.15 and its 200 day moving average price is C$60.76. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23. Emera has a 12-month low of C$49.06 and a 12-month high of C$67.42.

Emera Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 15th were issued a dividend of $0.725 per share. This represents a $2.90 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, August 1st. Emera’s dividend payout ratio is 112.40%.

About Emera

Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.