Emera (TSE:EMA) Price Target Raised to C$58.00

Emera (TSE:EMA) had its price target upped by BMO Capital Markets from C$54.00 to C$58.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

Several other equities analysts have also recently weighed in on the company. CIBC upgraded Emera from a “neutral” rating to an “outperform” rating and raised their price target for the company from C$54.00 to C$58.00 in a report on Monday. Royal Bank of Canada raised their target price on shares of Emera from C$57.00 to C$60.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Cibc World Mkts upgraded shares of Emera from a “hold” rating to a “strong-buy” rating in a research report on Monday. Bank of America upgraded shares of Emera from a “neutral” rating to a “buy” rating and increased their price objective for the company from C$55.00 to C$57.00 in a research report on Monday, November 25th. Finally, Scotiabank boosted their target price on shares of Emera from C$55.00 to C$60.00 in a report on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Emera presently has an average rating of “Moderate Buy” and a consensus price target of C$55.80.

Emera Price Performance

The business has a 50 day moving average of C$52.19 and a two-hundred day moving average of C$49.81. Emera has a one year low of C$44.13 and a one year high of C$55.84. The stock has a market cap of C$16.06 billion, a PE ratio of 21.67, a P/E/G ratio of 6.20 and a beta of 0.35. The company has a debt-to-equity ratio of 155.62, a quick ratio of 0.23 and a current ratio of 0.79.

Emera Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were given a $0.725 dividend. This represents a $2.90 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend was Friday, November 1st. Emera’s dividend payout ratio (DPR) is currently 112.84%.

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.