Emera (TSE:EMA) Price Target Raised to C$55.00 at CIBC

Emera (TSE:EMA – Get Rating) had its price target hoisted by CIBC from C$54.00 to C$55.00 in a research report report published on Tuesday, BayStreet.CA reports.

A number of other equities research analysts also recently commented on EMA. Scotiabank lowered their price target on shares of Emera from C$69.00 to C$59.00 in a report on Thursday, October 20th. UBS Group dropped their price target on shares of Emera from C$67.00 to C$62.00 in a research note on Tuesday, November 15th. CSFB lifted their price target on shares of Emera from C$53.50 to C$55.00 in a research note on Tuesday, October 25th. BMO Capital Markets lowered their target price on shares of Emera from C$63.00 to C$61.00 in a research note on Monday, November 14th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Emera from C$66.00 to C$56.00 in a report on Thursday, October 20th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of C$59.58.

Emera Stock Performance

Shares of EMA stock opened at C$52.00 on Tuesday. Emera has a one year low of C$48.63 and a one year high of C$65.23. The firm’s 50 day moving average price is C$51.84 and its 200-day moving average price is C$56.42. The firm has a market cap of C$13.95 billion and a P/E ratio of 17.39. The company has a debt-to-equity ratio of 164.95, a quick ratio of 0.23 and a current ratio of 0.70.

Emera (TSE:EMA – Get Rating) last issued its quarterly earnings results on Friday, November 11th. The company reported C$0.76 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.74 by C$0.02. The business had revenue of C$1.84 billion for the quarter, compared to analyst estimates of C$1.59 billion. As a group, equities research analysts predict that Emera will post 3.22 EPS for the current year.

Emera Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 15th were issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 5.31%. The ex-dividend date was Monday, October 31st. This is a boost from Emera’s previous quarterly dividend of $0.66. Emera’s payout ratio is 88.63%.

About Emera

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Emera Incorporated, an energy and services company, 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.