Analysts Set Emera Incorporated (TSE:EMA) Target Price at C$58.10

Shares of Emera Incorporated (TSE:EMA) have earned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$58.18.

Several research analysts have recently weighed in on EMA shares. Scotiabank upped their price target on shares of Emera from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. CIBC raised their price target on Emera from C$58.00 to C$59.00 in a report on Monday, February 24th. National Bankshares lifted their price target on Emera from C$54.00 to C$55.00 in a research report on Thursday, December 5th. Raymond James upped their price objective on shares of Emera from C$57.00 to C$59.00 in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. upgraded shares of Emera from an “underperform” rating to a “neutral” rating and lifted their target price for the company from C$51.00 to C$56.00 in a research report on Thursday, December 12th.

Emera Stock Performance

Emera stock opened at C$58.78 on Thursday. Emera has a 1-year low of C$44.13 and a 1-year high of C$59.88. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23. The firm has a market capitalization of C$17.24 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. The firm’s 50 day simple moving average is C$56.87 and its 200 day simple moving average is C$54.13.

Emera Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 14th were paid a $0.725 dividend. The ex-dividend date was Friday, January 31st. This represents a $2.90 dividend on an annualized basis and a yield of 4.93%. 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.