Emera (TSE:EMA) Given New C$57.00 Price Target at Scotiabank

Emera (TSE:EMA) had its price target cut by Scotiabank from C$61.00 to C$57.00 in a research note issued to investors on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other brokerages have also recently issued reports on EMA. BMO Capital Markets decreased their target price on Emera from C$60.00 to C$59.00 and set an outperform rating for the company in a report on Friday, September 8th. Royal Bank of Canada decreased their target price on Emera from C$66.00 to C$62.00 and set an outperform rating for the company in a report on Monday, September 11th. CSFB boosted their target price on Emera from C$55.00 to C$60.00 in a report on Wednesday, May 24th. UBS Group cut Emera from a buy rating to a neutral rating and decreased their target price for the stock from C$65.00 to C$59.00 in a report on Tuesday, June 6th. Finally, TD Securities decreased their target price on Emera from C$65.00 to C$64.00 and set a buy rating for the company in a report on Monday, August 14th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of C$58.64.

Emera Trading Up 0.5 %

TSE:EMA opened at C$52.10 on Monday. The company has a market capitalization of C$14.22 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 2.77 and a beta of 0.24. The company has a quick ratio of 0.23, a current ratio of 0.69 and a debt-to-equity ratio of 167.16. Emera has a 52-week low of C$48.63 and a 52-week high of C$61.76. The stock has a fifty day simple moving average of C$52.01 and a 200-day simple moving average of C$54.61.

Emera (TSE:EMA) last announced its earnings results on Friday, August 11th. The company reported C$0.60 earnings per share for the quarter, missing the consensus estimate of C$0.62 by C($0.02). Emera had a net margin of 16.19% and a return on equity of 11.81%. The firm had revenue of C$1.42 billion during the quarter, compared to analyst estimates of C$1.84 billion. On average, equities research analysts expect that Emera will post 3.3382542 earnings per share for the current fiscal year.

Emera Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 15th were given a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 5.30%. The ex-dividend date was Monday, July 31st. Emera’s dividend payout ratio is presently 60.13%.

About Emera

Emera Incorporated, an energy and services company, 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.