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

Emera Incorporated (TSE:EMA) has been assigned a consensus rating of “Hold” from the ten analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$52.10.

EMA has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Emera from C$45.00 to C$46.00 in a research note on Thursday, July 25th. National Bankshares lifted their price target on shares of Emera from C$49.00 to C$54.00 and gave the stock a “sector perform” rating in a report on Friday, August 23rd. Scotiabank lifted their price objective 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. 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. Finally, Royal Bank of Canada boosted their price objective on shares of Emera from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd.

Emera Stock Performance

Shares of EMA stock opened at C$50.76 on Friday. The business’s 50-day moving average price is C$51.96. The company has a debt-to-equity ratio of 155.62, a quick ratio of 0.23 and a current ratio of 0.79. Emera has a 1 year low of C$44.13 and a 1 year high of C$54.19. The stock has a market capitalization of C$14.64 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35.

Emera Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were paid a $0.725 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.90 dividend on an annualized basis and a yield of 5.71%. 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.