Emera Incorporated (TSE:EMA) Receives Average Recommendation of “Moderate Buy” from Brokerages

Emera Incorporated (TSE:EMA) has received a consensus recommendation of “Moderate Buy” from the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$57.10.

Several equities research analysts have commented on EMA shares. National Bankshares boosted their target price on shares of Emera from C$54.00 to C$55.00 in a research report on Thursday, December 5th. Bank of America upgraded shares of Emera from a “neutral” rating to a “buy” rating and lifted their price target for the company from C$55.00 to C$57.00 in a research report on Monday, November 25th. Royal Bank of Canada upped their price target on Emera from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Scotiabank boosted their target price on Emera from C$55.00 to C$60.00 in a research report on Thursday, December 5th. Finally, CIBC upgraded shares of Emera from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from C$54.00 to C$58.00 in a research report on Monday, December 2nd.

Emera Stock Performance

TSE EMA opened at C$53.64 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 155.62. The business’s 50 day moving average is C$52.96 and its two-hundred day moving average is C$50.66. The stock has a market capitalization of C$15.47 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 6.20 and a beta of 0.35. Emera has a 12-month low of C$44.13 and a 12-month high of C$56.20.

Emera Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were issued a dividend of $0.725 per share. The ex-dividend date was Friday, November 1st. This represents a $2.90 annualized dividend and a dividend yield of 5.41%. Emera’s 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.