Emera Incorporated (TSE:EMA) Receives C$57.10 Consensus Price Target from Brokerages

Emera Incorporated (TSE:EMA) has earned a consensus rating of “Moderate Buy” from the eleven ratings firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$57.10.

Several equities research analysts have issued reports on the company. Cibc World Mkts upgraded Emera from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Wells Fargo & Company increased their price objective on Emera from C$51.00 to C$56.00 in a research report on Monday, December 9th. Bank of America upgraded Emera from a “neutral” rating to a “buy” rating and increased their price objective for the stock from C$55.00 to C$57.00 in a research report on Monday, November 25th. CIBC upgraded Emera from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from C$54.00 to C$58.00 in a research report on Monday, December 2nd. Finally, BMO Capital Markets increased their target price on Emera from C$54.00 to C$58.00 in a research note on Thursday, December 5th.

Emera Stock Performance

EMA stock opened at C$55.27 on Wednesday. The firm has a market cap of C$15.94 billion, a PE ratio of 21.51, a P/E/G ratio of 6.20 and a beta of 0.35. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 155.62. The business has a 50 day moving average of C$53.99 and a 200-day moving average of C$51.99. Emera has a 12-month low of C$44.13 and a 12-month high of C$56.33.

Emera (TSE:EMA) last posted its earnings results on Friday, November 8th. The company reported C$0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.77 by C$0.04. Emera had a return on equity of 6.60% and a net margin of 10.83%. As a group, sell-side analysts expect that Emera will post 3.1991627 earnings per share for the current year.

Emera Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.725 per share. The ex-dividend date is Friday, January 31st. This represents a $2.90 annualized dividend and a dividend yield of 5.25%. Emera’s payout ratio is 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.