Brokerages Set Emera Incorporated (TSE:EMA) PT at C$57.10

Emera Incorporated (TSE:EMA) has been given a consensus recommendation of “Moderate Buy” by the eleven research firms that are currently covering the firm, MarketBeat.com reports. Three 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. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$57.10.

Several analysts have weighed in on EMA shares. CIBC raised shares of Emera from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from C$54.00 to C$58.00 in a research note on Monday, December 2nd. Cibc World Mkts upgraded shares of Emera from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Bank of America upgraded shares of Emera from a “neutral” rating to a “buy” rating and boosted their price objective for the company from C$55.00 to C$57.00 in a research report on Monday, November 25th. National Bankshares boosted their price objective on shares of Emera from C$54.00 to C$55.00 in a research report on Thursday, December 5th. Finally, Scotiabank boosted their price objective on shares of Emera from C$55.00 to C$60.00 in a research report on Thursday, December 5th.

Emera Stock Performance

Emera stock opened at C$52.48 on Friday. 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 company has a market capitalization of C$15.14 billion, a PE ratio of 20.42, a P/E/G ratio of 6.20 and a beta of 0.35. The firm has a fifty day simple moving average of C$52.95 and a two-hundred day simple moving average of C$50.85. Emera has a twelve month low of C$44.13 and a twelve month high of C$56.20.

Emera Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were given a dividend of $0.725 per share. This represents a $2.90 annualized dividend and a dividend yield of 5.53%. The ex-dividend date of this dividend was Friday, November 1st. Emera’s dividend payout ratio is currently 112.84%.

Emera Company Profile

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.