Emera (TSE:EMA) Stock Price Expected to Rise, Raymond James Analyst Says

Emera (TSE:EMA) had its price objective increased by Raymond James from C$57.00 to C$59.00 in a report published on Monday,BayStreet.CA reports. Raymond James also issued estimates for Emera’s Q1 2025 earnings at $1.08 EPS, Q2 2025 earnings at $0.49 EPS, Q3 2025 earnings at $0.76 EPS, Q4 2025 earnings at $0.90 EPS and FY2025 earnings at $3.23 EPS.

Other equities analysts have also issued research reports about the company. Wells Fargo & Company upped their price target on Emera from C$51.00 to C$56.00 in a research note on Monday, December 9th. CIBC raised Emera from a “neutral” rating to an “outperform” rating and upped their price target for the company from C$54.00 to C$58.00 in a research note on Monday, December 2nd. Bank of America raised Emera from a “neutral” rating to a “buy” rating and upped their price target for the company from C$55.00 to C$57.00 in a research note on Monday, November 25th. BMO Capital Markets upped their price target on Emera from C$54.00 to C$58.00 in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. raised Emera from an “underperform” rating to a “neutral” rating and upped their price target for the company from C$51.00 to C$56.00 in a research note on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$58.10.

Emera Price Performance

Emera stock opened at C$58.10 on Monday. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72. The firm has a market cap of C$17.04 billion, a P/E ratio of 22.52, a P/E/G ratio of 6.20 and a beta of 0.35. The business’s fifty day moving average is C$54.65 and its two-hundred day moving average is C$52.88. Emera has a 52 week low of C$44.13 and a 52 week high of C$58.73.

Emera Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 14th were issued a $0.725 dividend. The ex-dividend date was Friday, January 31st. This represents a $2.90 annualized dividend and a dividend yield of 4.99%. Emera’s dividend payout ratio (DPR) is currently 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.