Brokerages Set Emera Incorporated (TSE:EMA) Price Target at C$52.10

Emera Incorporated (TSE:EMA) has earned an average recommendation of “Hold” from the ten analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$52.10.

Several brokerages have recently issued reports on EMA. National Bankshares boosted their price objective on Emera from C$49.00 to C$54.00 and gave the company a “sector perform” rating in a report on Friday, August 23rd. Scotiabank increased their price target on shares of Emera from C$52.00 to C$55.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. Raymond James lifted their price objective on shares of Emera from C$54.00 to C$57.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Bank of America set a C$55.00 target price on shares of Emera and gave the stock a “neutral” rating in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. raised their target price on Emera from C$45.00 to C$46.00 in a research report on Thursday, July 25th.

Emera Stock Performance

EMA opened at C$53.88 on Monday. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 155.62. Emera has a 12-month low of C$44.13 and a 12-month high of C$54.19. The firm has a 50 day moving average of C$51.51 and a two-hundred day moving average of C$48.79. The firm has a market capitalization of C$15.54 billion, a PE ratio of 20.98, a P/E/G ratio of 6.20 and a beta of 0.35.

Emera (TSE:EMA) last issued its earnings results on Friday, August 9th. The company reported C$0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.56 by C($0.03). Emera had a return on equity of 6.60% and a net margin of 10.83%. The business had revenue of C$1.62 billion for the quarter, compared to analysts’ expectations of C$1.67 billion. On average, analysts anticipate that Emera will post 3.1991627 EPS for the current year.

Emera Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.725 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.90 dividend on an annualized basis and a yield of 5.38%. Emera’s payout ratio is currently 112.84%.

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.