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

Shares of Emera Incorporated (TSE:EMA) have received an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$58.18.

EMA has been the subject of a number of recent research reports. Bank of America upgraded shares of Emera from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from C$55.00 to C$57.00 in a report on Monday, November 25th. National Bankshares upped their price target on shares of Emera from C$54.00 to C$55.00 in a research report on Thursday, December 5th. Scotiabank lifted their price objective on Emera from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. BMO Capital Markets boosted their target price on Emera from C$58.00 to C$60.00 in a research note on Monday, February 24th. Finally, UBS Group lifted their price target on Emera from C$54.00 to C$59.00 in a research note on Friday.

Emera Stock Performance

TSE:EMA opened at C$59.18 on Thursday. The company has a market capitalization of C$17.35 billion, a price-to-earnings ratio of 22.94, a PEG ratio of 6.20 and a beta of 0.35. The business has a 50 day moving average of C$56.44 and a 200 day moving average of C$53.98. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23. Emera has a 1-year low of C$44.13 and a 1-year high of C$59.88.

Emera Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 14th were given a dividend of $0.725 per share. This represents a $2.90 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend was Friday, January 31st. Emera’s payout ratio is currently 112.40%.

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.