Emera (TSE:EMA) Price Target Raised to C$61.00

Emera (TSE:EMAGet Rating) had its price target lifted by Scotiabank from C$59.00 to C$61.00 in a report published on Monday morning, BayStreet.CA reports.

A number of other brokerages have also weighed in on EMA. National Bankshares cut their price target on shares of Emera from C$60.00 to C$51.00 in a research note on Tuesday, October 25th. TD Securities dropped their price target on Emera from C$64.00 to C$63.00 and set a buy rating on the stock in a research note on Monday, November 14th. Raymond James raised Emera from a market perform rating to an outperform rating in a research report on Wednesday, October 19th. Royal Bank of Canada dropped their target price on Emera from C$72.00 to C$68.00 and set an outperform rating on the stock in a research report on Monday, November 14th. Finally, JPMorgan Chase & Co. reduced their price target on Emera from C$66.00 to C$56.00 in a research report on Thursday, October 20th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Emera presently has an average rating of Moderate Buy and an average target price of C$59.75.

Emera Stock Performance

Shares of Emera stock opened at C$54.11 on Monday. The stock’s fifty day simple moving average is C$52.49 and its 200 day simple moving average is C$56.01. The company has a current ratio of 0.70, a quick ratio of 0.23 and a debt-to-equity ratio of 164.95. The company has a market capitalization of C$14.52 billion and a PE ratio of 18.10. Emera has a 12 month low of C$48.63 and a 12 month high of C$65.23.

Emera (TSE:EMAGet Rating) last released its quarterly earnings results on Friday, November 11th. The company reported C$0.76 EPS 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. On average, research analysts predict that Emera will post 3.22 EPS for the current year.

Emera Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 1st will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 5.10%. The ex-dividend date of this dividend is Tuesday, January 31st. Emera’s payout ratio is presently 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.

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