Emera Incorporated (TSE:EMA) Receives C$57.30 Consensus Target Price from Analysts

Emera Incorporated (TSE:EMA) has earned a consensus rating of “Moderate Buy” from the eleven brokerages that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$58.10.

EMA has been the subject of several recent analyst reports. Cibc World Mkts raised Emera from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Scotiabank increased their price objective on Emera from C$60.00 to C$62.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Bank of America upgraded Emera from a “neutral” rating to a “buy” rating and upped their target price for the company from C$55.00 to C$57.00 in a report on Monday, November 25th. National Bankshares increased their price objective on Emera from C$54.00 to C$55.00 in a report on Thursday, December 5th. Finally, Royal Bank of Canada increased their price objective on Emera from C$60.00 to C$63.00 in a report on Monday.

Emera Price Performance

Shares of TSE:EMA opened at C$57.28 on Friday. Emera has a fifty-two week low of C$44.13 and a fifty-two week high of C$57.93. The company’s 50-day moving average is C$54.56 and its 200 day moving average is C$52.85. The company has a market capitalization of C$16.80 billion, a P/E ratio of 22.20, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72.

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 paid a $0.725 dividend. This represents a $2.90 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date was Friday, January 31st. Emera’s dividend 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.