Emera (TSE:EMA) Stock Rating Upgraded by CIBC

CIBC upgraded shares of Emera (TSE:EMA) from a neutral rating to an outperform rating in a research report report published on Monday,BayStreet.CA reports. They currently have C$58.00 target price on the stock, up from their previous target price of C$54.00.

A number of other analysts have also recently issued reports on the company. Scotiabank upped their target price on Emera from C$52.00 to C$55.00 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. Bank of America upgraded shares of Emera from a “neutral” rating to a “buy” rating and raised their target price for the stock from C$55.00 to C$57.00 in a research note on Monday, November 25th. Raymond James upped their price objective on Emera from C$54.00 to C$57.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. National Bankshares upped their target price on shares of Emera from C$49.00 to C$54.00 and gave the stock a “sector perform” rating in a research report on Friday, August 23rd. Finally, Royal Bank of Canada raised their price target on Emera from C$57.00 to C$60.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$53.10.

Emera Trading Up 0.7 %

EMA stock opened at C$53.80 on Monday. The firm has a market capitalization of C$15.52 billion, a PE ratio of 20.79, a P/E/G ratio of 6.20 and a beta of 0.35. 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 twelve month low of C$44.13 and a twelve month high of C$54.19. The business’s 50 day moving average is C$52.11.

Emera Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were given a $0.725 dividend. This represents a $2.90 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date 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.